Tds act 194c lower deduction
This query is : Resolved
08 December 2012
Water treatment plant (government project) construction work is goin on bangalore and civil work we have gave the sub contractor to do the civil work, now the sub contracor has requested to deduct the TDS lower % of tds @ rate of .01% this is applicable from 29th oct’12 onwards under the TDS act 194C
My question is,
1.Whether it is applicable or not applicable,
If applicable means please provide the TDS section with deduct of lower tds
Any one please help me.
My question is,
1.Whether it is applicable or not applicable,
If applicable means please provide the TDS section with deduct of lower tds
Any one please help me.
08 December 2012
Yes,
Lower TDS cert u/s 197 can be availed from TDS section of IT department.
Thanks//Vaibhav
Revert for more clarity.
Use thank button to convey your appreciation.
Lower TDS cert u/s 197 can be availed from TDS section of IT department.
Thanks//Vaibhav
Revert for more clarity.
Use thank button to convey your appreciation.
08 December 2012
If the sub-contractor is an individual or HUF then TDS is required to be deducted @ 1%, otherwise @ 2%.
Section 194C is very clear in this regard.
Section 194C is very clear in this regard.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Gst Sales of FY 2023-24
- RCM - commercial rent paid to URP under GST
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- TDS NUMBER SURRENDER
- My Last working day in current org is in novemebr 2024 but they are asking me to submit IT proof
- Indexation benefit applicability
- SEC 54 OF IT ACT
- Passed group 2 exams under wrong gender
- REQUIREMENT OF 15CB
- QUERY FOR RCM ON RENT
- APPEAL-CIT
- Payable outstanding for years disallowance
- Whether still royalty
- Issue of gst e invoice
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
