hello all
please tell the rate TDS code 194 C of A firm
2 Replies
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 27 August 2013
it is 2% for a firm...
NAVEESH DHAR
(ADVOCATE- TAXATION ADVISOR)
(427 Points)
Replied 27 August 2013
The deduction is to be made at the following rates :
(i) 1% where payment/credit is to an individual/HUF.
(ii) 2% where recipient is any other person.
In this case you have not clearly mentioned whether the deductee / concerned party is individual (Prop.) or a partnership firm
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