respected all,
i want know how many deduct tds of proprietor under 194c. his forth alphabet character is p. that means i deduct 1 % tds. please let me know.
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How many deduct tds of a proprietor under 194c ( 1% or 2% )
Replies (5)
Yes, 1% TDS will be applicable.
Read relevant sections of 194 and revert back.
but one of my friend said that only individual and HUF applicable for 1% not proprietor . ???????
Proprietorship’s are not a separate legal entity. Proprietor PAN is used for his business. So, It should be treated as Individual.
Rate at which you are deducting TDS is right
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