TDS -RATE

Applicable TDS rate u/s. 194C on contractual payments made to a proprietory firm is 1%

It is 1% for proprietary firm irrespective that it is liable for tax audit or not.

Yes, It is 1% for Proprietorship & Firms.

1 %

TDS would be deducted u/s 194C @ 1% for any payment under this head to persons other than company........

THE rate of deduction of  TDS for payment made to proprietorship firm is @ 1%

Dear,

w.e.f. 01.10.2009 rates of TDS have been amended and as per the new provisions:

If the payments have been made to contractors/sub-contractors being

  > a Proprietory firm (i.e. Individual) / HUF : Rate of TDS - 1%

  > if the payee is others : ROT - 2%

Ok.

yes the rate is 1% for payee if properitorship firm

> a Proprietory firm (i.e. Individual) / HUF : Rate of TDS - 1%

  > if the payee is others :  2%

Can anyone tell me the tds rate for propritorship professional charges?