Tax deducted at source IT Act 1961
Soundhar Venkatesan (Student) (97 Points)
20 January 2022And if yes, at what rate it should be get deductible ??
Soundhar Venkatesan (Student) (97 Points)
20 January 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 20 January 2022
If the service receiver is liable for TDS deduction, then it should be deducted u/s. 194C of IT act.
CA Puja Sharma
(Chartered Accountant)
(4874 Points)
Replied 20 January 2022
Yes, TDS to be deducted u/s194C if a single bill exceeds Rs. 30,000 or yearly billing exceeds Rs. 1,00,000.
Further rate of TDS is 1% or 2%. 1% for individuals or HUF and 2% for others.
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