Rate of TDS u/s 194 C

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  1. vishal thacker

    vishal thacker New Member

    The rate of TDS u/s 194c is 2%, for assesee other than individual/HUF in case amount is paid to the transporter having more than 10 vehicles. In case the transporter provides certificate for lower deduction of TDS u/s197 and it is applicable from 1st January 2016. The transporter had provided the Invoice on 27.12.2015 which has been booked/credited in the books on 10.01.2016 and was paid on 15.01.2016.

    Please let me know the rate of TDS to be applied for deduction i.e. 2% ( applicable before 1st Jan 2016) or lower rate of TDS deduction as per the Certificate.
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