Matter of income tax

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05 October 2011 good evening expert,
how r u sir ,
i want your help about TDS on refilling chgs for fire extinguisher.we rec. a bill of fire extinguisher amt, is 15850. than sir can u plz tell me that in which section i will deduct tds from his amt.

05 October 2011 If refilling charges in a year exceeds Rs 75000/- or single payment exceeds Rs 30000/- u have to deduct TDS @1% or 2% as the case may be.

It is covered by section 194C of Income TAx Act.

If Deductee is Individual or HUF 1%
Other than that 2%

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05 October 2011 THANK YOU SIR




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