Hi,
What is the TDS Rate for Proprietorship firm (contract) -194C 2% or 1%.....??????...
Hi,
What is the TDS Rate for Proprietorship firm (contract) -194C 2% or 1%.....??????...
Applicable TDS rate u/s. 194C on contractual payments made to a proprietory firm is 1%
It is 1% for proprietary firm irrespective that it is liable for tax audit or not.
Yes, It is 1% for Proprietorship & Firms.
TDS would be deducted u/s 194C @ 1% for any payment under this head to persons other than company........
THE rate of deduction of TDS for payment made to proprietorship firm is @ 1%
Dear,
w.e.f. 01.10.2009 rates of TDS have been amended and as per the new provisions:
If the payments have been made to contractors/sub-contractors being
> a Proprietory firm (i.e. Individual) / HUF : Rate of TDS - 1%
> if the payee is others : ROT - 2%
Ok.
yes the rate is 1% for payee if properitorship firm
> a Proprietory firm (i.e. Individual) / HUF : Rate of TDS - 1%
> if the payee is others : 2%
Can anyone tell me the tds rate for propritorship professional charges?
CAclubindia
