Tds on hospital construction

This query is : Resolved 

15 June 2012 Sir,


IN THE FOLLOWING EXP., FOR HOSPITAL CONSTRUCTION , TDS APPLICABLE, IF APPLICABLE MENTION THE TDS RATES , SECTION

1)PAYMENT TO LABOUR
2)PAYMENT TO PAINTER
3)PAYMENT TO PLUMBER
4)PAYMENT TO MASTRI
5)PAYMENT FOR INSTALLING OF AIR CONDITIONERS


ADVANCE THANKS SIR.,


16 June 2012 The available data is not sufficient for the decision.
The solution is on assumption basis,Contract value more than 30000/- per contract or 75,000/- during the year. Then TDS rate
For individual /HUF - 1%
For firms/ AOP - 2%
Domestic Companies-2%

All the amount which is paid under the contract, the TDS amount is accordingly deducted on the aggregate amount.



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