Weather Tds is applicable on SAC 998715?
And if yes, at what rate it should be get deductible ??
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Tax deducted at source IT Act 1961
Replies (3)
Quick Summary
If the service receiver is liable for TDS deduction, then it should be deducted u/s. 194C of IT act.
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.
Thank you so much
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