Hi,
What is the TDS Rate for Proprietorship firm (contract) -194C 2% or 1%.....??????...
TDS -RATE
vijaya kumar n (JOB) (488 Points)
24 June 2010
10 Replies
CA. RUPESH JOSHI
(Chartered Accountant)
(174 Points)
Replied 24 June 2010
Applicable TDS rate u/s. 194C on contractual payments made to a proprietory firm is 1%
Krutesh Patel
(ACA)
(727 Points)
Replied 24 June 2010
It is 1% for proprietary firm irrespective that it is liable for tax audit or not.
Somaas Kandan
(CA Final)
(385 Points)
Replied 24 June 2010
Yes, It is 1% for Proprietorship & Firms.
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 24 June 2010
TDS would be deducted u/s 194C @ 1% for any payment under this head to persons other than company........
TRISHNA
(CHARTERED ACCOUNTANT)
(40 Points)
Replied 25 June 2010
THE rate of deduction of TDS for payment made to proprietorship firm is @ 1%
CA. Rohit Vishambhari, Vns.
(Chartered Accountant)
(150 Points)
Replied 25 June 2010
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.
puneet khurana
(finance)
(75 Points)
Replied 25 June 2010
yes the rate is 1% for payee if properitorship firm
NITIN JAIN
(CA FINAL STUDENT)
(42 Points)
Replied 25 June 2010
> a Proprietory firm (i.e. Individual) / HUF : Rate of TDS - 1%
> if the payee is others : 2%
vishwa acharya
(6 Points)
Replied 16 January 2018
Can anyone tell me the tds rate for propritorship professional charges?
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