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Query tds under section 194 c
Dear All
My company have contract with a propratier firm for providing mess services to the students and employees of the company. How much TDS is deduct from monthly bill.
Replies (16)
TDS to be deducted as per 194 C i.e 1 / 2% based on individual / company ..
Dear Samir Thanks for reply but i am still confuse. regarding meaning of firm. firm means partnership firm or propretiar firm
Dear Samir Thanks for reply but i am still confuse. regarding meaning of firm. firm means partnership firm or propretiar firm
Best idea is if deductee PAN no containing 4th Digit "P" you have to deduct 1% in all other cases you have to deduct 2%
If your company is providing any professional service then the tds to be deducted under 194 j @ 10%
Hey Amit !
1% for INDIV
2% to Other entity.
Further Let me Clarify That The above rates are Only When the PAN is quoted By deductee..
Failing Which can make it 20%
1% for INDIV
2% to Other entity.
Further Let me Clarify That The above rates are Only When the PAN is quoted By deductee..
Failing Which can make it 20%
Further I would Like you to know That you Dont Need to deduct TDS u/s 194C if amnt paid Does not Exceed ₹30000(at a go) + Aggregate of FY does not exceed ₹1L .
is tds applicable on providing lunch & on hotel food bill paid by co?.
if it is a Contract of Catering Then Yes, As far as i know. I would further recommend u to consult some an expert.
consult an expert*
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