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Should I deduct TDS for Dyeing Charges in Garments
Industry? If yes what is the percentage under which group
it will come?

Answers were Sorted based on User's Feedback



Should I deduct TDS for Dyeing Charges in Garments Industry? If yes what is the percentage under ..

Answer / rupan

if your payment for dyeing charges to a same party(outside
party other than your employee) exceeds Rs.20000 or your
total annual payment to a same party exceeds Rs.50000 you
need to deduct TDS at the rate of 2% plus surcharge 10%(if
your total annual payment to that party exceeds one crore)
plus e.cess 3%. This comes under TDS on Contract.

Is This Answer Correct ?    9 Yes 2 No

Should I deduct TDS for Dyeing Charges in Garments Industry? If yes what is the percentage under ..

Answer / murali

yes, When Your Tds Amount Exceed of Rs. 20000/- Per Month
or Rs. 50000/- Annualy then tds is Applicable. The
Percentage will be calculated based on the services like,
Contact, Sub-Contract, Prof. etc

Is This Answer Correct ?    6 Yes 4 No

Should I deduct TDS for Dyeing Charges in Garments Industry? If yes what is the percentage under ..

Answer / prabakar

If it is a contract then tax is 2% surcharge 10% Edcucation
Cess 2% and Hr.Education Cess 1%

Is This Answer Correct ?    2 Yes 5 No

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