TDS

Introduction – TDS on maintenance charges – Section 194C of Income Tax Act Section 194C provides for TDS to be deducted on payment of maintenance charges. TDS on maintenance charges When a person makes a payment to the contractor on a contract, the person has to deduct TDS on such payment of maintenance charges. Let’s take … Read more

Section 194C of income tax act – TDS rate on Contractor Introduction – Section 194C of Income Tax Act Provision A. Overview of Section 194C of the Income Tax Act, 1961 TDS shall be deducted under section 194C of Income Tax Act, 1961 at 1% or 2% (as the case may be) or payments by … Read more