Weather Tds is applicable on SAC 998715?
And if yes, at what rate it should be get deductible ??
Menu
Tax deducted at source IT Act 1961
Replies (3)
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
Recent Topics :
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
Related Topics :
CAclubindia
