What are TDS rates prevailing in MP,Bihar and Jharkhand to be deducted out Gross work done by the contractor. Contractor doing work is in nature of making Railway Track for Power Plant.
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 11 January 2014
TDS rates are applicable to India uniformly. There is no difference in TDS rates state wise. In your case assuming section 194C is applicable it will be 1% (non companies broadly) or 2%.(companies broadly)
Thanks,
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 11 January 2014
Originally posted by : Dipjyoti Majumdar | ||
TDS rates are applicable to India uniformly. There is no difference in TDS rates state wise. In your case assuming section 194C is applicable it will be 1% (non companies broadly) or 2%.(companies broadly) Thanks, |
Agree!!!