Is TDS applicable to trust (school). if yes then what is the rate of TDS to be deducted under 194C
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Applicability of tds on trust
Replies (3)
Same as for others.
2% ... since it is not an individual
my client is deducting TDS @ 1% for contracts.
No, TDS has to be deducted @ 2% only. There is short deduction on the client's part.
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