Applicability of tds
This query is : Resolved
17 June 2015
I have Hired one vehicle with driver from one party and price charge on km basis.I got bill from this party is rs.31000.
so Plz suggest me TDS is Applicable or not if Applicable then tell me section and %.
so Plz suggest me TDS is Applicable or not if Applicable then tell me section and %.
17 June 2015
Section 194C will be applicable here.
TDS to be deducted if threshold limit is crossed.
Threshold limit:
Rs 30000/- Single bill / payment
Rs 75000/- annual total.
Rate of TDS:
Individual/HUF @1%
Others @2%
No PAN @20%.
TDS to be deducted if threshold limit is crossed.
Threshold limit:
Rs 30000/- Single bill / payment
Rs 75000/- annual total.
Rate of TDS:
Individual/HUF @1%
Others @2%
No PAN @20%.
Message likes :
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17 June 2015
Tds will b charged under section 194c
Message likes :
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