Pardeep Kumar (Accountant) (80 Points)
03 March 2010ours is a engineering consultancy company. we have raised a invoice of Rs 865000 including service tax @ 10.30%. please tell me the tds rate for this amount.
please send me the latest amendment of tds rates for companies with documentary proof of income tax india deptt.
pardeep kaushik
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 03 March 2010
| NEW TDS RATES FROM 01.10.2009 PASSED IN FINANCE ACT(2) 2009 PASSED ON 19.08.2009 | ||||||||
| Particulars | Rates in % | |||||||
| Section | Nature of Payment | Criteria for Deduction (payment in excess of) | Payment to Individual. Or HUF | payment to other | ||||
| 194A | Interest from a Banking Company | Rs. 10,000/- p.a | 10.00 | |||||
| 194A | Interest other than from a Banking Co. | Rs. 5,000/- p.a | 10.00 | |||||
| 194C | Contractors, (Advertising Contracts) & payment to sub-contrctor | Rs.20,000/- per contract or Rs. 50,000/- p.a | 1.00 | 1.00 | ||||
| 194C | Contractors & CF Agents (Others) | Rs.20,000/- per contract or Rs. 50,000/- p.a | 2.00 | 2.00 | ||||
| 194H | Commission or Brokerage | Rs. 2,500/- p.a | 10.00 | 10.00 | ||||
| 194I | Rent other than Plant, Mach.& Eqp. | Rs. 1,20,000/- p.a | 15.00 | 20.00 | ||||
| 194I | Rent of Plant , Machinery & Equipments | Rs. 1,20,000/- p.a | 10.00 | 10.00 | ||||
| 194J | Professional Charges | Rs.20,000/-p.a | 10.00 | 10.00 | ||||
| No surcharge and cess is to be added from 01.04.2009 on tax deducted on non-salary payments made to resident taxpayers.Various situation according to status of deductee has been given in table below | ||||||||
regards,
ratan
CAclubindia
