Ravi Rawat (Trainee Accountant ) (39 Points)
17 January 2020respected all,
i want know how many deduct tds of proprietor under 194c. his forth alphabet character is p. that means i deduct 1 % tds. please let me know.
Kumar Sushank
(General Manager - Finance)
(1040 Points)
Replied 17 January 2020
Yes, 1% TDS will be applicable.
sabyasachi mukherjee
(27574 Points)
Replied 17 January 2020
Ravi Rawat
(Trainee Accountant )
(39 Points)
Replied 17 January 2020
but one of my friend said that only individual and HUF applicable for 1% not proprietor . ???????
Kumar Sushank
(General Manager - Finance)
(1040 Points)
Replied 17 January 2020
Proprietorship’s are not a separate legal entity. Proprietor PAN is used for his business. So, It should be treated as Individual.
CAclubindia
