Business: TDS ON CONTRACTOR-SUB CONTRACTOR -JOB WORK U/S 194C WEF 01.10.2009

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posted by guptarajin2002 934 days ago

Amendments in section 194C from 01.10.2009:As per amendment through Finance Act(2) ,2009,new Section 194C has been substituted for old section 194C .New Section is applicable from the 01.10.2009.The main changes in the new section is given as under Separate rates for contractor and subcontractor has been removed.Now the tax rate has been categorised according the status of deductee and new TDS rates for contractors are as under For payment made to Individual & Hindu undivided family=1 % For payment to others =2%
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