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TDS on catering service

karthik (audit staff) (87 Points)

22 April 2010

hi,

pls clarify followings with notifications,

tds applicable for catering service,hoarding rent paid and erection & installation

KARTHIK

9940541188

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5 Replies

manikandan.J (Accounts Manager) (363 Points)
Replied 22 April 2010

catering services covered under the Contract 194C

if contract deduct the TDS @ 2%

if Sub-contract deduct the TDS @ 1%

If paid the individual or HUF you must Deduct the tds @ 1%

Refer the Direct Tax Ready Reckoner

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Max Payne (employed) (2574 Points)
Replied 22 April 2010

All the three are covered u/s 194C

You can refer circular no 715 of 1998

https://law.incometaxindia.gov.in/Directtaxlaws/act2005/Sec_194C.htm

manikandan.J (Accounts Manager) (363 Points)
Replied 23 April 2010

hi refer this below mentioned link https://law.incometaxindia.gov.in/File_opener.aspx?page=ITAC&schT=&csId=8cacad88-7ef2-42ae-824d-6df80094dbac&rdb=sec&yr=d8867f97-7ef9-423c-99df-7ef492ca882f&sec=194c&sch=contracts%20and%20sub-contract&title=Taxmann%20-%20Direct%20Tax%20Laws

michael steve (Cheff) (21 Points)
Replied 11 June 2010

Hi, Really very useful information here, Its really helpful for me also, i am running a business which provides catering services. Thanks for the post, which provides tds, tax and other useful information.