Tds on contractors - 194 c

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CMA RAVI (Querist)
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17 September 2012 i want to know after what amount can i start deducting the Tds on contractors u/s 194 C. is the rate 2% applicable on single contractors and 1% on sub contractors.

what is the difference btwn single and sub contractor ?

CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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17 September 2012 Main Contractor & Sub Contrator.
& rate are Same That is 1% Only.

In case of Company 2%
Other - 1%

so No Need to identify.
That Was Old Rule.

CMA RAVI

CMA RAVI (Querist)
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17 September 2012 bt when can i start deducting it

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CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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17 September 2012 Start When Cross the Basic Exemption Limit.
i.e. 30k per Contract,
or Cross in Total 75k.