28 December 2011
WHAT IS THE RATE OF TDS FOR 1 INTEREST COMPANY 2 INTEREST NON COMPANY 3 COMMISSION CO 4 COMMISSION NON COM 5 CONTRACTOR CO 6 CONTRACTOR NON CO. 7 PROFESSIONAL FEE COM 8 PROFESSIONAL FEE NON COM 9 RENT COMPANY 10 RENT NON COMPANY 11 WAGES & SALARY
WHAT IS MAXIMUM LITI OF ALL ABOVE
WHAT IS THE PENALTY FOR LATE PAYMENT OF TDS.
WHAT IS DIFFERENCE BETWEEN TDS AND TCS????????????
PLZ REPLY AT sheladiya.shailesh@yahoo.in THANKS IN ADVANCE
30 December 2011
1. Interest TDS rate 10% for both companies and non companies. The maximum limit is rs.5000 2. Commission TDS rate 10% For companies and non companies. The maximum limit is Rs.5000 3.Contract TDS rate 2% for company, firm etc and 1% for Individual and HUF. Limit is Rs.30000 for single contract and 75000 aggregate payment during the year.
4.Professional Fee TDS rate is 10% For companies and non companies. The maximum limit is Rs.30,000
5. Rent TDS rate is 10% For companies and non companies in the case of letting out of property and 2% letting out of plant and machinery. The maximum limit is Rs.1,80,000
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