Tds
This query is : Resolved
04 August 2014
Dear All,
We hire a travel agency named"New Bhawani travel" for a year.New bhawani is registered as individual firm.He has No pan number in the name of firm.He has Pan in the name of his proprietor.We paid Rs.37000 and deducted TDS @2% (194 C).But new bhawani object about deduction of 2% TDS.
So i want to know which tds rate is applicable. 1% or 2%
Kindly clarify me.
Regards,
Jitendra
We hire a travel agency named"New Bhawani travel" for a year.New bhawani is registered as individual firm.He has No pan number in the name of firm.He has Pan in the name of his proprietor.We paid Rs.37000 and deducted TDS @2% (194 C).But new bhawani object about deduction of 2% TDS.
So i want to know which tds rate is applicable. 1% or 2%
Kindly clarify me.
Regards,
Jitendra
04 August 2014
TDS RATE IS 1% U/S 194 C, IF THE RECIPIENT IS INDIVIDUAL OR HUF . IN UR CASE IT WILL BE 1%
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