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Tds rate for contract works in income tax

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(Querist)
29 March 2019 What % Deduct Income tax for Work Contract?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
07 April 2019 If the deductee is Individual /HUF @ 1%
In case of other deductees @2%
In case of contract of services rendered by professionals as prescribed U/s 44AA @10%
TDS to be deducted on the basis of payment or credit , which ever is earlier.

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