tds

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Querist : Anonymous

Querist : Anonymous (Querist)

07 February 2010 I want to know the current rate of TDS agaisnt a sub contractor

Rahul Gupta

Rahul Gupta (Expert)
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07 February 2010 TDS for subcontractor is deducted u/s 194C.
In case of Individual/HUF, -1% and any other Person - 2%.
In case of transporter sub contractor, It is NIL if PAN No. is Quoted otherwise the normal rates wil apply.

CA Prashant Gupta

CA Prashant Gupta (Expert)
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07 February 2010 before 1-10-09 there was difference but now same as contractor. if payment is made to individual or HUF then 1% elase 2%.
in transporter of goods cases if PAN is avaliable then no TDS. But if they didn't provide TDS till 31-3-10 same rate i.e. 1% or 2% but after 1-4-10 it will be 20%.

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CMA Arif Farooqui

CMA Arif Farooqui (Expert)
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08 February 2010 In case of Individual/HUF, -1% and any other Person - 2%.
in case of transporter , nil rate , provided that he provide his PAN no. otherwise 1/2% as the case may be.