Which rate of tds deducted on barber services?
Professional(194j) or Contract(194C)
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TDS rate
Replies (9)
194c
It will be 94C
TDS Deducted u/s 194C(Contract)
how is 94c-as not it's 94j
it is 194J
it is the nature of contract of bailment
Hello dears
I suppose the rate of tds is for barber service is @ 1 or 2 % accordingly. since it is a contract of bailment in between customer and shopkeeper to do the needful.
I would also suggest if the limit increase above Rs 180000 only. then only the rate will applicable.
Not much clear ur question,if there is a nature of contract,then TDS is deducted 194C..
Rate 1 %.If deductee is INDIVIDUAL/HUF
Rate 2% in other case.
194J...................
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