TDS Verification

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374 Points Posted on 26 March 2020
How to do ledger scrutiny for tds verification(TDS to be deducted not deducted how to find such things)
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On 26 March 2020 at 20:03 Report
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This discussion explains how to perform ledger scrutiny for TDS verification, focusing on identifying instances where TDS should have been deducted but wasn't. It covers checking payments for expenses such as contracts, professional fees, rent, and interest against individual and annual limits, and refers to TDS charts for accuracy. The guide also clarifies the TDS rates under Section 194C, distinguishing between individual/HUF contractors (1%) and other entities like companies or firms (2%).

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CFO- at NHTF
58280 Points Posted on 26 March 2020
Check the payments for expenses like contract , profession, rent , interest etc and check the individual limits and annual limits ..


Download The Tds charts and check with the the amounts
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On 26 March 2020 at 20:24
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374 Points Posted on 26 March 2020
Regarding contract(194c) how to check should I go ahead with it
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On 26 March 2020 at 21:17
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CA in Practice
241 Points Posted on 26 March 2020

if you are paying amount for ''work'' to Contractor or Subcontractor you need to Deduct TDS under Section 194C at the Rate of 2% (For Contractor) and 1% For Sub- Contractor on the said Payment at the time of Credit or At the Time of Actual Payment

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On 26 March 2020 at 21:30
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@ ankit chaturvedi
The rate under section 194C has not categorised on the basis of contractor or subcontractor.

The rate of 1% is applicable if contractor is individual or HUF and rate of 2% is applicable when contractor is Company, Firm, LLP ( means other than individual or HUF).
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On 27 March 2020 at 08:37
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2 Points Posted on 31 March 2020
Last year TDs verification
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On 31 March 2020 at 12:04

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