LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

TDS 194

25 June 2021

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..?

Reply
Follow
Share

8 Replies

Karan Prajapati (170 Points)
Replied 25 June 2021

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%

Rahmathullah p (101 Points)
Replied 25 June 2021

Better shall i deduct 20% on them sir?

Karan Prajapati (170 Points)
Replied 25 June 2021

20% is in case where PAN is not available.

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 25 June 2021

20% in case of non availability of PAN

Rahmathullah p (101 Points)
Replied 25 June 2021

Then in IT not filed caser, what % shall we deduct sir?

Karan Prajapati (170 Points)
Replied 25 June 2021

Refer my above response.

CMA Poornima Madhava (CMA) (13097 Points)
Replied 25 June 2021

At present, deduct tax at normal rates because provisions of section 206AB are effective from 1st July onwards

debora M (BUSINESS DEVELOPMENT MANAGER) (1697 Points)
Replied 25 June 2021

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.