10 April 2014
We have received bill for Caterers ( lunch & dinner) amounting Rs 2,45,050/- i wnat to know is there TDS applicable on this bill.if yes, on which rate?
10 April 2014
Yes, TDS deduction liability applicable u/s 194C and if the payee is Individual or HUF TDS rate is 1 % otherwise 2%(Provided PAN of the payee available, otherwise 20%).
CAclubindia
