Poonawalla fincorps
Poonawalla fincorps

Tds u/s 194c for contractor being a trust

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 March 2014 Dear sir,

Please clarify the following

if the port trust raising the bill for services rendered in port including service tax, then what is the rate of tds u/s 194c?

is it 1% or 2%?

please clarify it

08 March 2014 1% TDS rate is for INDIVIDUAL or HUF. A trust is NOT either of the above. So TDS will be deducted @ 2%.



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