Whate is rate of tds on payment to sub-contractor - individu

WHAT IS THE RATE OF TDS ON PAYMENT TO SUB-CONTRACTOR- INDIVIDUAL AND RESIDENT U/S 194C  FOR  FINANCIAL YEAR 2011-2012,  IF RATE IS  1% OR 2% ,  Kindly Give the Govt  notification No and date or Circular Nos and date.

Kindly revert the message immediately

Very Urgent

 

Thanks and regards

Bhaskara rao .y

bhaskarayandapalli @ gmail.com

Replies (12)

TDS @ 1 % is aplicable

Rate is 1% . for notification search on google !

I don't think that you will find any circular on it....

it is written in Income Tax Act,

Please refer ,Finance act 2011 

Rates of TDS is prescribed by Income tax act / Finance Act not by way of circular .

 

Agreed with Mansha -refer to Finance Act 2011 & you will definately get those rates

Section194C

Payment to contractors/sub contractors(Ind/HUF)-1 %

Payment to contractors/sub contractors(other than Ind/HUF)-2 %

 

 

 

 

Section194C

Payment to contractors/sub contractors(Ind/HUF)-1 %

Payment to contractors/sub contractors(other than Ind/HUF)-2 %

 

Payment to contractors/sub contractors(Ind/HUF)-1 %

Payment to contractors/sub contractors(other than Ind/HUF)-2 %

 

it is right.. please check the link...

 

.https://www.taxprintindia.com/tds-rate-chart-11-12.htm.

you can also check the attachment for tds rates

For  AY 12-13 (FY 11-12)

1. Individual / HUF   ------>>>>>>  Rate is 1%

2.Firm / company / Local Authority / Co- operative Society ------->>>>>> Rate is 2%

Thereshold Limit 

 1. For single transction  ------->>>>>>  30,000

2.For Agreegate  ------------>>>>>>>> 75,000

 

as per Finance  Act , 2010

 

 

 

 

Section194C

Payment to contractors/sub contractors(Ind/HUF)-1 %

Payment to contractors/sub contractors(other than Ind/HUF)-2 %

 

Threshold limit:

1. for a single transaction Rs. 30000 and,

2. for agreegate Rs. 75000.

 

Section194C

Payment to contractors/sub contractors(Ind/HUF)-1 %

Payment to contractors/sub contractors(other than Ind/HUF)-2 %

 

 

what is vat rate againes from c for all state 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details