RATE AT WHICH TDS TO BE DEDUCTED

[KAILASH ASAWA]

ASSESEE DOING JEWELLERY BUSINESS. HE PARTICIPATES IN EXHIBHITIONS AT HOTELS AND OTHER PLACES. WHAT IS THE RATE OF TDS TO BE DEDCUTED BY THE ASSESSE ON THE PAYMENTS MADE BY HIM TO THE EXHIBHITORS WHO CONDUCT SUCH EXHIBHITIONS. UNDER WHICH SECTION THY FALL. WHETHER THEY FALL UNDER 194C OR SOME OTHER SECTION

[rishi mohan]

Tds shall be deducted by the assessee on the payments made by him to the exhibitors who conduct such exhibitions u/s 194 C of the Income tax Act, 1961 i.e Payments to contractors and sub-contractors.