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Tds

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Querist : Anonymous (Querist)
20 June 2012 one of my party is supplying mineral water bottles monthly & raising bill monthly. whether tds applicable ? if applicable at what rate
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CA PRAVEEN SINGH

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CA PRAVEEN SINGH (Expert)
20 June 2012 Check bill monthly & annually whether exceeding the limit.30000 or 75000.
treated as contractor ...
TDS IS TO DEDUCTED U/C 194C.

2% IF DEDUTEE IS CO OR FIRM.
1% IN OTHER CASE.

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