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TDS Verification

Abhishek Selvam O (374 Points)

26 March 2020

How to do ledger scrutiny for tds verification(TDS to be deducted not deducted how to find such things)

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Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 26 March 2020

Check the payments for expenses like contract , profession, rent , interest etc and check the individual limits and annual limits ..

Download The Tds charts and check with the the amounts

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Abhishek Selvam O (374 Points)
Replied 26 March 2020

Regarding contract(194c) how to check should I go ahead with it

Ankit chaturvedi (CA in Practice) (241 Points)
Replied 26 March 2020

if you are paying amount for ''work'' to Contractor or Subcontractor you need to Deduct TDS under Section 194C at the Rate of 2% (For Contractor) and 1% For Sub- Contractor on the said Payment at the time of Credit or At the Time of Actual Payment

(Guest)

@ ankit chaturvedi
The rate under section 194C has not categorised on the basis of contractor or subcontractor.

The rate of 1% is applicable if contractor is individual or HUF and rate of 2% is applicable when contractor is Company, Firm, LLP ( means other than individual or HUF).

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