Contract

Hi..

The status of deductee is to be looked for applying rate of 1% or 2%. If the deductee is Individual or HUF TDS @ 1% has to be deducted, in other cases deduction will be @ 2% i.e. in case of company firm etc.

As per sec 194C payment to contractor/sub-contracter, if deductee is a company then the deductor is liable to deduct TDS @ 2%.

Hence, deductee should be company.

Thank you all

Ranju

As per provision of sec 194 C status of deductee to be checked while applying the rate of 1% or 2%.as the case may be

1 . 1% if deductee is individual/ Huf

2  2% in other case.

we Should Check the Status of Deductee 

I  Think, As per Section u/s 194C  Fist of all Should be check Deductee pan no. have company or other then company & partner after that take action accountding to pan. 

If  Deductee is Individual/HUF TDS will be Deducted 1 %

If Deductee is other then above TDS will be Deducted 2%

Thanks

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The party Name with Whom u have Contract should be seen , If its Individual/ HUF-  Deduct - 1%

If Its Company deduct - 2 % . Check With the Pan no's .