Tds

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hello all

               please tell the rate TDS  code 194 C  of  A firm

Replies (2)

it is 2% for a firm...

The deduction is to be made at the following rates : (i) 1% where payment/credit is to an individual/HUF. (ii) 2% where recipient is any other person. In this case you have not clearly mentioned whether the deductee / concerned party is individual (Prop.) or a partnership firm

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