Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2012
If any person whose activity as a Contractor and Service provide. But bill seperatly,
So, what is percentage of TDS deduction of that person?
Please help me out.......... its urgent..
Parvez
So, what is percentage of TDS deduction of that person?
Please help me out.......... its urgent..
Parvez
27 July 2012
Sec 194C will be applicable.
Rate of TDS:
Individual/HUF @1%
Others @2%
No PAN 20%.
Threshold Limit:
Single payment Rs 30000/-
Annual Limit Rs 75000/- p.a.
Rate of TDS:
Individual/HUF @1%
Others @2%
No PAN 20%.
Threshold Limit:
Single payment Rs 30000/-
Annual Limit Rs 75000/- p.a.
Message likes :
1 times
27 July 2012
TDS IS TO BE DEDUCTED INCLUDING AMOUNT OF SERVICE TAX..
BUT NOT IN CASE OF TDS ON RENT.U/S 194I
[Circular No. 04/2008 dated 24.04.2008]
TDS RATE U/S 194C
2% IN CASE OF CO/FIRM
1% IN OTHER CASES
BUT NOT IN CASE OF TDS ON RENT.U/S 194I
[Circular No. 04/2008 dated 24.04.2008]
TDS RATE U/S 194C
2% IN CASE OF CO/FIRM
1% IN OTHER CASES
Message likes :
1 times
27 July 2012
I think you want to ask that a person is providing services and he is working as a contractor also.
So if he is issuing bill separately then tds on contractor bill is 194 C.
on services then we need to see which type of services he is providing. if technical then 194 J.
So if he is issuing bill separately then tds on contractor bill is 194 C.
on services then we need to see which type of services he is providing. if technical then 194 J.
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2012
Thank you to solve my problem
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