08 July 2009
Under section 194 c, TDS is deductiable on the amount credited to the party. In this case you will credit the party will Total Bill amount (inclusive of service tax) therefore you would need to deduct TDS on total amount credited to the party. Recently there has been change u/s 194 C 1% TDS if payment is made to Individual or HUF, 2% tds if payment is made to others. No TDS on payment to good carriage contractor on submission of PAN RETURN.
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