Tds rates in case of epc contract
This query is : Resolved
07 June 2016
Hi All,
Please advise which section will be applied to deduct TDS in case of payment is made towards EPC contract.
Rgds,
Ramesh
Please advise which section will be applied to deduct TDS in case of payment is made towards EPC contract.
Rgds,
Ramesh
07 June 2016
you are paying the freight to transporter the its come under 194C rate of TDs will 1% for individual and HUF and 2% for the others, if PAN not available then TDs rate @ 20%.
07 June 2016
Thanks Rupesh ji. In fact, my query is on TDS applicable in case of EPC (Engineering, Procurement and Construction) contract.
07 June 2016
its also cover under the u/s 194C for construction. And procurement of labour and for engineering u/s 194J.
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