Section 194C Limit increased to 100000 per annum from 1 june 2016
Till 31.5.2016
|
Section
|
Description
|
Cut off
|
Rate of TDS
|
|
Section 194 C |
Payment to Contractors |
75000 p.a. or 30000 single Contract
|
1 % (Individual / HUF) or 2% (Partnership / Companies) |
From 1.6.2016
|
Section
|
Description
|
Cut off
|
Rate of TDS
|
|
Section 194 C |
Payment to Contractors |
75000 100000 p.a . or 30000 single Contract
|
1 % (Individual / HUF) or 2% (Partnership / Companies) |
