TDS

Rajagopalakrishnan R

PARTNER

1434 Points Posted on 03 September 2011

Yes You have to deduct tax at rates specified in Sec 194C

1% if payment made to Individuals and HUF and 2% in other cases

ashish gupta

student

1922 Points Posted on 03 September 2011

TDS is attracted under section 194C @ 2% . see explanation to the section 194C

Nitin Garg

CA FINAL Article Trainee B.com

171 Points Posted on 03 September 2011

Agreed..............

CA ADITYA SHARMA

CA IN PRACTICE

16719 Points Posted on 03 September 2011

YES TDS IS TO BE DEDUCTED UNDER SECTION 194C

Suraj Agarwal

Self Practitioner in Income Tax & GST

782 Points Posted on 03 September 2011

https://freeworking.hubpages.com/hub/SECTION-194C-ABOUT-TDS-ON-PAYMENT-TO-CONTRACTORS

TRILOCHAN

SENIOR ACCOUNTANT

698 Points Posted on 03 September 2011

Ya TDS Applicable @ 1% or 2% depends upon the status of the deductee

Ramanuj

Accountant.

834 Points Posted on 03 September 2011

Yes tds is applicable @ 1% or 2% depends on status of deductee of pan .

kalyan

Accounts officer

22 Points Posted on 03 September 2011

payment to contractors-single transaction 1% Individual, Comapany firm .co-op local authority 2% deducted under sction194C code 94.

Devender kumar

Accountant

198 Points Posted on 05 September 2011

Tds Not applicable on transpotor.

C A kailash vyas

propritor

48 Points Posted on 05 September 2011

as per sec.192c tds rate as under:- if recepient is ind or huf 1% if recepient is others 2% IF there is regular payment and exceeds the limit 30000,75000 in keeping the view last year record and present then whether there is deed or not we will deduct tds payment courier expto save to us/clients . payment to Tranporter for bails freight is EXEMPTED.