Tax deducted at source

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2012 SIR,
MY CLIENT IS DOING BUSINESS OF JEWELLERY SHOW ROOM (PARTNERSHIP) HAVING TURNOVER OF RS.2.00 CRORES. MY CLIENT IS GETTING JEWELLERY ORNMENT BY GIVING PURE GOLD TO KARIGAR. AND KARIGAR IS GIVING MAKING CHARGES BILL FOR MAKING ORNMENTS. PLEASE KINDLY SPECIFY UNDER WHAT SECTION TO TDS IS TO BE DEDUCTED TO KARIGAR AND PERCENTAGE OF TDS.

THANKING YOU SIR,

SRINIVAS

Guest

Guest (Expert)

16 July 2012 In this case tax is to be deducted u/s 194 C - payment to contractors. Also tax is to be deducted if the following condition is satisfied:
1. Invoice/ payment exceeding Rs. 30000/-
2. Total payment to a payee in a year more than Rs. 75000/-

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