WebNov 29, 2024 · 1. Section 194C. Sec 194C provides for deduction of tax from payment of works contract made to contractor or sub-contractor. Any person carrying out any work in … WebApr 13, 2024 · TDS Rate (%) 192: Salaries: As per slab: ... 194C: Contractor – Single Transaction: 30000: 1: 2: ... Partner claiming the TDS credit in respect of property owned and offered for taxation by the firm. January 18, 2024 0 Comments. TDS. Union Budget-2024: TDS on Sale of Shares & Mutual Funds.
TDS Rate Chart AY 2024-25 (FY 2024-24) - thetaxtalk.com
WebWelcome to FranklinAccounting & Tax Services. We are a professional run full service Accounting and tax firm based in Norcross,GA, serving since 1986. We customize the … WebFeb 18, 2024 · As per the provisions of Section 194C of the Income Tax Act, the rate of TDS that is applicable depends on certain conditions mentioned below: If the payee or contractor possesses PAN: TDS of 1% of the amount will be deducted from any payments or credits made to resident individuals or Hindu Undivided Families (HUFs). scott e thompson
Section 194C TDS on Contractors - Rates of TDS - teachoo
WebMay 8, 2024 · Section 194C governs the TDS provision applicable to any person making payment to a resident contractor for carrying out work between a resident contractor and ‘specified person’ ( central or state government, local authority, company, etc) When is … There is no surcharge levied on the TDS on rent, except where there is the … TDS Rate Chart for FY 2024-2024 (AY 2024-2025): Tax Deduction at Source … WebJul 30, 2024 · Section 194C: A Comprehensive TDS Guide on Contractor Payments. Tax Deducted at Source (TDS) is applicable on specified payments such as salary, commission, rent, interest, professional fees, … http://www.richardgriffinpc.com/team/ scott e thomas