what is the rate of tds on commission ????????
14 Replies
CA. Atindra A. Prabhu Bhatikar
(practising CA)
(68 Points)
Replied 24 November 2008
Rate for TDS on commission u/s 194H is 10.3% for payments upto Rs.10 Lakhs to individuals and and upto Rs.1 crore to companeis and firms 11.33% if the payments to Companies and firms exceed Rs.1 crore and for individuals exceed Rs.10 Lakhs.
No TDS is required to be deducted for payments up to Rs.2,500/- for the year.
Surya Jain
(Student)
(944 Points)
Replied 24 November 2008
Company where total payment upto Rs.1 crore-10.3%.
Company where total payment exceeds Rs.1 crore-11.33%
Joyanta Batabyal
(article trainee)
(20 Points)
Replied 24 November 2008
In the case of payment in advace excess of Rs 20000 for official purpose is attract 40A(3) or not
Sai krishna Medikonda
(CA)
(187 Points)
Replied 24 November 2008
| When company gives advance it will not show as expendeture, so Sec40A(3) will not attract. If the company recovers that advance, then also this section will not attract. But After some time if the company shows it as expendeture, then Sec 40A(3) will apply. | ||
(Guest)
| Originally posted by :naman maheshwari | ||
| "DEAR SIR, PLEASE SEND ME THE TDS RATE CHART FOR THE ASSESSMENT YEAR 2009-10 | " | |
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 26 November 2008
Hi guys,
I am enclosing TDS chart. Please find the same.
Attached File : 45 47 tds rate chart fy 2008-09 (ay 2009-10).xls downloaded: 744 times
sudarshan kumar
(chartered accountant)
(34 Points)
Replied 07 December 2008
Jyoti Malik
(ACCOUNTANT)
(2644 Points)
Replied 17 December 2008
The rate of TDS u/s 194H is 10.3% or 11.33%
Surya Jain
(Student)
(944 Points)
Replied 18 December 2008
find the attached TDS file for AY 2008-2009 & 2009-2010.
Surya
Attached File : 19 tds rate chart for ay 2009-2010.xls downloaded: 293 times
Surya Jain
(Student)
(944 Points)
Replied 18 December 2008
it did not come at once, so AY 2008-2009 is here-
Attached File : 36 tds rate chart for ay 2008-2009.doc downloaded: 267 times
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