Pl inform TDS rates wef 01/10/09 from Interest other than Int. on Sec. for Indl, HUF & others. In recooner only 10% rate given. Not specified whether the rate is for Indl. or Companies.
Deepak Tapse (Accounts Manager - Taxation) (1771 Points)
14 September 2009Pl inform TDS rates wef 01/10/09 from Interest other than Int. on Sec. for Indl, HUF & others. In recooner only 10% rate given. Not specified whether the rate is for Indl. or Companies.
aurangzaib khan
(financial consultant)
(95 Points)
Replied 14 September 2009
Rajgopalan Iyengar
(Director)
(22 Points)
Replied 15 September 2009
| Originally posted by :aurangzaib khan | ||
| " | rate of tds on interest other than interest on security is 10 % if payment to all resident person. | " |
CA.Parsun Garg
(JOB)
(1380 Points)
Replied 16 September 2009
| TDS RATES FROM 01.10.2009 | ||||
| Rates in % | ||||
| CRITERIA FOR DEDUCTION | INDIVIDUAL and HUF | Payment To Other | ||
| SECTION | NATURE OF PAYMENT | (PAYMENT IN EXCESS OF) | ||
| 194A | Interest from a Banking Company | Rs. 10,000/- p.a | 10 | 20 |
| 194A | Interest other than from a Banking Co. | Rs. 5,000/- p.a | 10 | 20 |
| 194C | Payment to sub-contrctor/Advertisement contracts | Rs.20,000/- per contract or Rs. 50,000/- p.a | 1 | 2 |
| 194C | other Contractors | Rs.20,000/- per contract or Rs. 50,000/- p.a | 1 | 2 |
| 194C | Transport contractors engaged in the business of plying, hiring or leasing goods carriages. | Nil * | Nil | Nil |
| 194H | Commission or Brokerage | Rs. 2,500/- p.a | 10 | 10 |
| 194I | Rent other than Plant, Mach.& Eqp. | Rs. 1,20,000/- p.a | 10 | 10 |
| 194I | Rent of Plant , Machinery & Equipments | Rs. 1,20,000/- p.a | 2 | 2 |
| 194J | Professional/Technical Charges | Rs.20,000/-p.a | 10 | 10 |
| * The nil rate will be applicable if the transporter quotes his PAN. If PAN is not quoted the rate will be 1% for an individual/ HUF transporter and 2% | ||||
| for other transporters upto 31.3.2010. | ||||
| ** The rate of TDS will be 20 per cent in all cases, if PAN is not quoted by the deductee w.e.f. 1.04.2010 | ||||
| No surcharge and cess is to be added from 01.04.2009 on tax deducted on non-salary payments made to resident taxpayers.It means that Surcharges & | ||||
| cess is not be included in basic TDS rates ,while deduction tds , in case of payments to resident person/domestic company only .So in case of payment to | ||||
| Non resident and non -domestic company surcharge and Cess is also to be included while calculating TDS amount . | ||||
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