Whether tds to be deducted 1% or 2%
This query is : Resolved
15 May 2012
i came across a situation wherein i didn't know whether Tds to be deducted at 1% or 2%,
a contractor (say ABC enterprises) managed by a proprietor, For services rendered by him whether TDS is applicable at 1% or 2%.
Whether situation will change in case the business has separate registration/
Thanks in advance
a contractor (say ABC enterprises) managed by a proprietor, For services rendered by him whether TDS is applicable at 1% or 2%.
Whether situation will change in case the business has separate registration/
Thanks in advance
15 May 2012
The rate for TDS under section 194C are-
Individual / HUF Deductees - 1%
Other Deductees - 2%
Individual / HUF Deductees - 1%
Other Deductees - 2%
15 May 2012
If the service provider provides PAN of the individual then TDS @ 1%.
If he provides PAN of the business (not an individual) then 2%.
If he provides PAN of the business (not an individual) then 2%.
CA PRAVEEN SINGH
(Expert)
15 May 2012
AGREE WITH ABOVE EXPERTS...
YOU CAN IDENTIFY IN DEDUCTEE PAN NO..
WHETHER,INDIVIDUAL/HUF/FIRM/CO.
YOU CAN IDENTIFY IN DEDUCTEE PAN NO..
WHETHER,INDIVIDUAL/HUF/FIRM/CO.
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