TDS deduction?
alankar surana (CA Practice ) (52 Points)
16 November 2017alankar surana (CA Practice ) (52 Points)
16 November 2017
prasad Nilugal
( GST Practitioner & Accounts )
(14803 Points)
Replied 16 November 2017
If he is contractors / sub cotractors then yes under section 194 C of the income tax act 1961, TDS @ 1% if he is individual for others 2% , you have to deduct TDS for single payment exceeds 30,000/- or exceeds 100000/- during the year .