change in tds rate in this buzet

Dear Sumit.....

change in tds provisions:-

1. increase in exemption limits: (w.e.f. 1-7-10)

section                                                                  old limit                             new limit

194B     (winnings from lottery)                           Rs.5000                           Rs.10000

194BB  (WINNINGS FROM HORSE RACES) Rs.2500                           Rs.5000

194C      (contractor)                                        Rs.20000 (sinle payment)  Rs.30000

                                                                             Rs.50000 (in full year)      Rs.75000

194D     (Insurance commission)                       Rs.5000                              Rs.20000

194H     (Brokerage and commission)              Rs.2500                              Rs.5000

194I        (Rent)                                                 Rs.120000                          Rs.180000

194J         (professional fees)                          Rs.20000                             Rs.30000

 2.   interest rate for failure to deduct tax at source : 1.5% p.m. (earlier 1% p.m.)

3.  section 203(3) and 206C(5) ommitted w.r.e.f. 01-04-10 (regarding no requirement for TDS/TCS certificate if deducted/ collected on or after 01-04-2010)

source : anshu agarwal.... https://www.caclubindia.com/forum/change-in-tds-provisions-2010-71083.asp