09 October 2009
TDS under sec 194 C is attracted for single payament over 20000 and/or total paymemt of 50000 to the receiver in a year.
rate of tds from 01.10.09 1% if payee is Individual/HUF 2% for all other .
If payment is made to agent then itb would depend on the nature of contract if the agent is subcontractor then same as above If agent is collecting commision then it may attract 194H
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