Rate of Tds for 194C

This discussion clarifies the TDS rates applicable under Section 194C, specifically for partnership firms, Associations of Persons (AOPs), and Bodies of Individuals (BOIs). While the general rate for non-corporate deductees is 2%, the conversation highlights potential confusion between deductee categories (corporate vs. non-corporate) and the specific rates mentioned in the Income Tax Act. It emphasizes confirming the correct rates for these entities and aligning TDS deduction and payment processes.