04 June 2009
Our Company provided Sodexho Pass (Food Coupon)to our employees and we received the bill amount of Rs.19020.00. They (Sodexo)have informed us to deduct .69% on the invoice value including ST. But I want to know how can we apply .69%?. As per section 194C the tds rate is 2.06%. please help me on this issue.
04 June 2009
Recently sodeso has received the permission from income tax department to deduct the tds of sodexo @.69%. You can considered this rate for deduction of TDS, just make sure you take copy of such permission letter from sodexo & check your company name appear in the given list.
In case your company name is not their in the list & deduct the tds @ 2.06% or 2.26% 9incase surcharge is applicale)