Tds on blasting charges paid by mining industries

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2015 i have a mining work and i pay blasting charges to a agency for work done for the same.
whether i am liable to deduct TDS on blasting charges?
if yes then under which section

Rupesh Jain

Rupesh Jain (Expert)
Follow

26 June 2015 yes its cover u/s 194C, and deduct the tds accordingly.

Rupesh Jain

Rupesh Jain (Expert)
Follow

26 June 2015 yes its cover u/s 194C, and deduct the tds accordingly.

Upgrade to CAclubindia Pro. Subscribe Now!

Rupesh Jain

Rupesh Jain (Expert)
Follow

26 June 2015 yes its cover u/s 194C, and deduct the tds accordingly.

Message likes : 1 times

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

26 June 2015 TDS to be deducted u/s 194C.

Rate of TDS:

Individual/HUF @ 1%
Others @ 2%.
No PAN @ 20%.

Threshold Limit:

Single Bill/Payment Rs 30000/-
Annual Total Rs 75000/-

TDS to be deducted on amount excluding Service Tax, if any.

Message likes : 1 times