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TDS from canteen

TDS / TCS 2006 views 5 replies
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Service
42 Points Posted on 30 January 2008

Dear Sir/Madam,

We are paying our Institute Canteen owner around Rs. 50,000 every month for tea and snacks supplied to our employees.  Is there any TDS to be deducted on this amount?  If so how much percent?

Thanks

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On 30 January 2008 at 16:31 Report
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Service
42 Points Posted on 30 January 2008
reply on philip_s7 @ hotmail.com
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On 30 January 2008 at 16:33
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SERVICE
315 Points Posted on 30 January 2008
Tax is required to be deducted under section 194C, the applicable rate would 2%+Surcharge(as applicable)+Cess.
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On 30 January 2008 at 16:48
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article
2677 Points Posted on 31 January 2008
Hey Philip,, TDS will be applicable U/S 194C i.e. Contractors for which TDS will be deducted @ 2.266%,
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On 31 January 2008 at 09:54
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Chartered Accountant
3356 Points Posted on 31 January 2008
amit sharma give right answer
thanks
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On 31 January 2008 at 12:23
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DGM-F & A
1734 Points Posted on 31 January 2008
This is only 2-26 % in 194C no surcharge ,As less then 10 Lac,
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On 31 January 2008 at 12:40


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