TDS RATE UNDER WORKS CONTRACT

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What is rate of tax of tds under works contract

Pl reply

 

Replies (8)

payment u/s 194 C is for any sum paid.  2% applicable for entire contract value

Originally posted by :sitaram
"

Hi,

 

please mention the name of state  you are talking about ?

 

Regards,

 

M P Singh

"


 

Hi..,

Its deppending upon the state where is work done.., Diffrent states have diffrent Rates.. But its will be 2% & 4% 

i want to know that Draft of ITT traning made on whom favour .please help me thanks in advance. i could not found application form of ITT Registration. please send me form.

Originally posted by :krishna iyer
" payment u/s 194 C is for any sum paid.  2% applicable for entire contract value "

hey krishna, he is talking about works contract tax yaar.

Kerala 8% for regd dealers., 10% for unregistered dealers.,

But in Kerala,  there is a facility for assessing Works contract tax separately, but putting an application to the assessing authority, and submitting all bills (local purchase & inter-state purchase).  He will assess tax (which can be lower than 8% ) and issue a certificate for the same.   In such cases, awarder need deduct tax as per said certificate only

Originally posted by :sitaram
" What is rate of tax of tds under works contract
Pl reply
 
"

Payment U/S,194 c are payable of TDS @   2 % up to ten Lac and Cess over all 3 % = 2.06 % and more than Rs. Ten lac Sercharge @ 10 % aplicalbe = 2.26 % on  u/s, 194 -C


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