08 July 2014
As per ur explanation it seems to b a contract between u and the Security agency(correct me if i m wrong). So 194C will b attracted if:-
The amount Crosses(Gross Amount excluding Service Tax):-
Single Bill - Rs 30,000/- In the Year - Rs 75,000/-
Rate:-
Individual/HUF - 1% Others - 2%
But in ur case since it does not crosses the limit hence no TDS will b applicable.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
08 July 2014
Dear Sir ,
But I have to pay Total Gross Bill amount of Rs.79593.00 (05 Bills) . So may I deduct TDS on Basic Amount 77207.00 or on Basic + Service Tax = 79593.00 & @ What % when he is Proprietor ?
08 July 2014
Yes thats what explained above. If the amount crosses 75K in the Financial Year then TDS will b deducted. TDS will b exclusive of Service Tax.
08 July 2014
Yes thats what explained above. If the amount crosses 75K in the Financial Year then TDS will b deducted. TDS will b exclusive of Service Tax.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
08 July 2014
Dear Sir,
Means I have to Deduct TDS on Basic Amount Rs.77207.00 @ 2% ?
08 July 2014
Are yaar y it should b 2 %? U have just said that the contract is with Proprietor (individual). Than what is the need of deducting @2%. It will b 1% on the Gross amount excluding ST.