t.d.s. on contractor

This query is : Resolved

shoeb parwaiz (Querist)
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04 October 2010

Dear All,

I have given a contract to company for white wash of the my factory.will TDS be deducted on his service? If yes in which section.

Thaks & Regards

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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04 October 2010 TDS to be deducted u/s 194C @ 2%. Subject to threshold limit of Rs.30000/- Single Bill or Rs 75000/- Annual Payment. If PAN not given TDS to be deducted @ 20%.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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04 October 2010 Yes... under section 194C,

1 % on HUF / Individual &

2% on Others,

Subject of minimum threshold limit of single bill / consolidated payment in the year ( Rs. 30000 / Rs. 75000)

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