tds rates on payments to Advertisementand on works contract

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godachappa.i angadi (Querist)
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01 June 2011 What is the applicable tds rates on the contract amounts paid to the Advertisemwent contract and on the works contract for the financial year 2008-09--amount paid by the Town Municipal Council to its contractors

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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01 June 2011 If the recipient is a Company, Co-operative Society, Firm >>>> 1.133 %

If recipient is an Ind. Or HUF&paymentdoes notexceedRs.10,00,000 >>>>> 1.03%

f recipient is an Ind. Or HUF & payment does exceed Rs.10,00,000 >>>>> 1.133%