TDS deduct problem

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109 Points Posted on 25 September 2023
If I am an individual and the dealer is a company, should TDS be deducted at 1% or 2%?
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On 25 September 2023 at 09:19 Report
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Quick Summary
This discussion clarifies the TDS deduction rate when an individual is the recipient and a company is the dealer. The consensus is that if the transaction falls under Section 194C of the Income Tax Act, the deduction rate is 2%. If it falls under Section 194Q, a different percentage applies, and more details about the specific services are needed to confirm.

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CA
618 Points Posted on 25 September 2023
2% need to deduct
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On 25 September 2023 at 09:42
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CFO- at NHTF
58280 Points Posted on 25 September 2023
If it is covered under section 194C of income act then then 2% .

If it is covered under 194Q then different % is applicable
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On 25 September 2023 at 13:14
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"Do the Right Thing...!!!"
128157 Points Posted on 26 September 2023
@ Sharma,

Give details of services for Your query...
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On 26 September 2023 at 10:55

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