Weather Tds is applicable on SAC 998715?
And if yes, at what rate it should be get deductible ??
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.
Shyam Joshi & Associates
Pune
B.Com
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Shaswat initial support private limited
Ahmedabad
CS
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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CAclubindia
