Tds rate

This query is : Resolved 

11 October 2013 hi

want to know whether tds would be deducted on food and catering bills, if yes then what would be the rate
thanks...

11 October 2013 under sec 194c tds to be deduct.

11 October 2013 Hii sandeep,

This service will be subject to TDS and rate will be of Contractor, Sec 194C, if its is Ind, HUF then 1%, otherwise rate is 2%.

Aadish


11 October 2013 If there is a contract with caterors thenyes sec 194C will be applicable and rate will depend whether it is Individual/ HUF @1%
else for others it is 2%.

11 October 2013 Thanks..to
Ram sir Aadi, and tushar

11 October 2013 if food is provided in normal business course than TDS is require

11 October 2013 Go to following link it will help all of you understanding section 194-C

http://law.incometaxindia.gov.in/Directtaxlaws/act2005/cirsec194c.htm

12 October 2013 Yes. As per section 194c


13 October 2013 No tds require



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