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      Question

      What is the rate of TDS to be deducted in payment or

      credit to a resident contractor/sub-contractor other than an individual or a Hindu Undivided Family?
      A 30% Correct Answer Incorrect Answer
      B 5% Correct Answer Incorrect Answer
      C 1% Correct Answer Incorrect Answer
      D 2% Correct Answer Incorrect Answer

      Solution

      The rate of TDS to be deducted in payment or credit to a resident contractor/sub-contractor other than an individual or a Hindu Undivided Family (HUF) is 2%. For an individual or a Hindu Undivided Family (HUF), the TDS rate is 1% in case of payment or credit to a resident contractor/sub-contractor. So, the correct rate of TDS for payment to a resident contractor/sub-contractor other than an individual or HUF is 2%.

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