hi team
what should be the tds rate on the payment made to security service provider for the amount paid to security guard employed on contarct basis? is this falls in work contract expenses?
thanx
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Tds on security expenses
Replies (1)
It is governed by the provisions of 194C: supply of manpower for any work. If the payee is the individual/HUF then TDS @ 1% or @ 2% for others, provided single bill value exceeds 30k or aggregate during the year exceeds 75k
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