TDS deduction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 May 2010 I have proprietorship company providing security services on contractual basis. I would like to know the latest rule on rate of TDS deduction by my clients for my services provided to them.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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28 May 2010 TDS DEDUCTIBLE U/S 194C.
RATE OF TDS W.E.F 01.10.09---
INDIVIDUAL & HUF 1%
OTHERS 2%
THRESHOLD LIMIT---
SINGLE PAYMENT RS.20000/-
ANNUAL RS.50000/-
REVISED LIMIT FROM 01.07.2010
SINGLE PAYMENT RS.30000/-
ANNUAL RS.75000/-