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TDS 194
My TDS deductee is ( 194C, h, j, i) is not filed his IT for two previous years, what rate of % shall i deduct from him..?
Replies (8)
Quick Summary
TDS is required to be deducted at the higher of the following:
1.Twice the rate specified in the relevant provisions of the Act
2.Twice the rate in force
3.5%
1.Twice the rate specified in the relevant provisions of the Act
2.Twice the rate in force
3.5%
Better shall i deduct 20% on them sir?
20% is in case where PAN is not available.
20% in case of non availability of PAN
Then in IT not filed caser, what % shall we deduct sir?
Refer my above response.
At present, deduct tax at normal rates because provisions of section 206AB are effective from 1st July onwards
1%
TDS is deducted at 1% on the gross amount of receipt at the time of payment in cash or by the issue of cheque or a demand draft or by any other mode (whichever is earlier).
75,000; TDS shall be deducted under Section 194C at the rates mentioned above. This limit of Rs. 75,000 has been increased to Rs. 1,00,000 and effective from Financial Year 2016-17 onwards.
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