TDS on contract

Hi,

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TDS@1% is required to be deducted on any sum payable to contractor.

Hi

Tds to be deducted @ 1% on sum paid to contractor.

Tds to be deducted if sum paid is exceeding Rs 30000.

Hope it helps

Hi

Yes, the assessee is liable to deduct TDS @1% under section 194C.

TDS shall be deducted on the gross payment made to the contractor (including raw material cost).

Yes the LLP is required to deduct TDS on payment made to individual for such contract @1%.

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Dear Sir,

As per the provisions of Section 194C of the Income Tax Act, TDS@1% will be deducted from any payments or credits made to resident individuals.

TDS on Contractor payments need not be deducted If amount paid or credited does not exceed a sum of rupees 30,000 in a single payment, and an aggregate of rupees 1,00,000 during the financial year..

Yes Tds provisions applicable under section 194C @ 1% on contract amount excluding GST if any on due or payment which ever is earlier 

Hi,

- As the total amount is more than Rs.1 lacs, you are required to deduct TDS @1% on the total amount u/s 194C.

Thanks

The assessee is liable to deduct taxes at 2% on gross payment under section 194C. This are contractual payments.  Taxes are to be deposited into government treasury Within 7 days from the end of the month in which the deduction is made. Also.  TDS certificates are to be issued on the quarterly basis in Form No.16A