If the contract payment exceeds Rs. 50000 after October, i.e. after the change in rate of TDS from 2% to 1% for individuals, then w.r.t. to payments made before 30 september 2009, whether TDS be deducted @ 2% or 1%? Or TDS be deducted @ 1% on the whole amount?
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TDS 194C
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payment made before sep. 2009 tds deducted by 2%( excluding cess and hec) and after that as per new provisions
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