26 March 2009
I would like to know the source from where I can see the updated rates of TDS to be deducted. I am an architect and when I recieved a payment, TDS deducted was more around 20% of the payment.
Also I would like to know what all taxes are to be paid by an architect for his architectural services.
26 March 2009
TDS rates for respective assessment year are given in respective Finance Act.
For Architect, TDS needs to be @ following rate For Individual; If Payment during the year is less than Rs.1000000 - 10.3% Otherwise 11.33%. This needs to be deducted under section 194J.
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