What is the rate of Tds under section 194c if payment is made to propertiory firm and tan number of person as an individual.
Form No.16 A issued as individual to that person.
Karan Gupta (CA FINAL STUDENT) (414 Points)
28 December 2012What is the rate of Tds under section 194c if payment is made to propertiory firm and tan number of person as an individual.
Form No.16 A issued as individual to that person.
CMA RAVI
(ASSISTANT MANGER - FINANCE)
(478 Points)
Replied 28 December 2012
Originally posted by : Karan Gupta | ||
What is the rate of Tds under section 194c if payment is made to propertiory firm and tan number of person as an individual. Form No.16 A issued as individual to that person. |
propiertorship - 1%
partnership - 2 %
unregistered - 2%
non furnishing of pan attracts tds @ 20% u/s 206AA
Anand
(CA - Assistant General Manager - Taxation)
(1606 Points)
Replied 28 December 2012
Rate of TDS u/s 194C for payment to an individual holding valid PAN is 1%
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