Bhaskara Rao (Accounts Manager) (24 Points)
03 December 2011WHAT 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
CA Sunil Kumar Parjapati
(ACA Senior Manager- Accounts & Finance)
(224 Points)
Replied 03 December 2011
Rate is 1% . for notification search on google !
CA Devender Chauhan
(Group Financial Accountant)
(1526 Points)
Replied 03 December 2011
I don't think that you will find any circular on it....
it is written in Income Tax Act,
Pulkesh Mehta
(Chartered Accountant)
(243 Points)
Replied 04 December 2011
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 %
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 04 December 2011
Section194C
Payment to contractors/sub contractors(Ind/HUF)-1 %
Payment to contractors/sub contractors(other than Ind/HUF)-2 %
Neeraj Singh
(Executive Account)
(94 Points)
Replied 05 December 2011
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...
Neeraj Singh
(Executive Account)
(94 Points)
Replied 05 December 2011
you can also check the attachment for tds rates
CA Vanamala Phani Kumar
(Proprietor of M/s Vanamala and Co)
(972 Points)
Replied 05 December 2011
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
Gaurav Kumar Rathore
(Chartered Accountant)
(28 Points)
Replied 06 December 2011
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.
SANJAY KUMAR BHATIA
(ca article)
(28 Points)
Replied 20 March 2012
Section194C
Payment to contractors/sub contractors(Ind/HUF)-1 %
Payment to contractors/sub contractors(other than Ind/HUF)-2 %
Rakesh Sharma
(Sr. Accountant )
(21 Points)
Replied 14 June 2012
what is vat rate againes from c for all state
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