suppose I have to make a payment to contractors who have appointed security guards in my college, college is non profit making organisation. If the payment amount is 250000, suggest me should I deduct the TDS on contract u/s 194c, if the duductee type is individual/huf - 1% and educationn cess or secondary education cess is applicable
TDS- 2500 only Contractors Ac dr 250000 TO TDS payable 2500 TO Bank 247500 24750