alleryStart learning →Section 194C sets TDS on contractor payments at what rates?
AA flat 5% for every payee
B1% for individual/HUF, 2% others
C2% for individual/HUF, 1% others
D10% for companies and firms
Answer & Solution
Correct answer: B. 1% for individual/HUF, 2% others
Section 194C taxes contractor payments at 1% for an individual or HUF and 2% for other payees.
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