Tds on work contract

This query is : Resolved 

08 October 2015 dear sir pls help me out on which amount should i deduct tds on work contractor

08 October 2015 Deduct 1% in case of individual and 2% for others on what ever amount you make payment and liability created.

08 October 2015 Applicable section 194C

Rate of TDS:

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

TDS to be deducted on crossing the threshold limit, which is:

Single Bill /Payment Rs 30000/-

Annual Total Rs 75000/-

TDS to be deducted on amount excluding service tax, if any.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries