194 c of income tax

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..... 194 c of income tax
Query (Issue) Started By: - sid chakravarthy Dated:- 24-2-2013 Last Reply Date:- 27-2-2013 Income Tax
Got 3 Replies
Income Tax
dear sir , i would like to know the pro .....

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..... visions of section 194C of Income Tax Act.whats the percentage of income tax for individual contractors and the firms doing the contract works. chakravarthy.s.n. Reply By Akash mahajan: The Reply: H .....

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..... ello sid, Tds in case of an individual and huf is 1% and for any other person, which includes your FIRMS, is 2%. Reply By AMIT JAIN, Advocate: The Reply: Dear Friend section 194C of I.T Act says .....

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..... about TDS rate. which is in the case of Individual & HUF is 1% but other than Individual & HUF is 2% . Thanks Regards Reply By rinki todi: The Reply: TDS is to be deducted as follows: * @ 1% wh .....

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..... en the contract payment is being made or credit is being given to an individual or an HUF * @ 2% when the contract payment is being made or credit is being given to any person other than an individu .....

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..... al or an HUF. Point to be noted: we have to check the status of deductee and not the deductor.
Discussion Forum - Knowledge Sharing .....

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