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TDS rate on invoice/payment related to EPC contract, Income Tax |
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TDS rate on invoice/payment related to EPC contract |
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Hi All, I just want to confirm the rate of TDS in below case. ABC Ltd.has issued a contract for design and construction of roads on EPC (Engineering, procurement and construction) basis to XYZ Ltd. Please advise at which rate TDS should be deducted by ABC Ltd on invoice/payment to XYZ Ltd. Rgds, Ramesh Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
Sir, 1% under 194C if service provider is Individual /HUF and 2% if other than individual/HUF. Alternatively if you receive two invoices I.e. one for designing and second for construction then on designing 10% under 194J will be applicable. Thanks.
Ganeshan Kalyani Sir, Thank you very much. Is there any case law/ clarification on this so that I can show to my management.
Sir please refer section 194 of Income Tax Act 1961. Thanks. Page: 1 Old Query - New Comments are closed. |
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