change of rate in TDS on Pymt of Prof / Tech Chgs
This query is : Resolved
12 February 2011
Dear Experts & Friends,
Please arrange to send me the TDS revised rate circular related to FY 07-08 in the first quarter.
For your reference CBDT has change rate on 194J from 5.10% to 10.30 w.e.f from 01/Jun/2007. kindly arrange copy of this change rate circular.
please treat it urgent
Regards
Please arrange to send me the TDS revised rate circular related to FY 07-08 in the first quarter.
For your reference CBDT has change rate on 194J from 5.10% to 10.30 w.e.f from 01/Jun/2007. kindly arrange copy of this change rate circular.
please treat it urgent
Regards
12 February 2011
(6) In cases in which tax has to be deducted under sections 194C, 194E, 194EE, 194F, 194G, 194H,
194-I, 194J, 194LA, 196B, 196C and 196D of the Income-tax Act, the deductions shall be made at the
rates specified in those sections and shall be increased by a surcharge for purposes of the Union,
calculated,—
(a) in the case of every individual, Hindu undivided family, association of persons and body of
individuals, whether incorporated or not, at the rate of ten per cent. of such tax where the income or
the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds ten
lakh rupees;
(b) in the case of every artificial juridical person referred to in sub-clause (vii) of clause (31) of
section 2 of the Income-tax Act, at the rate of ten per cent. of such tax;
(c) in the case of every firm and domestic company, at the rate of ten per cent. of such tax where
the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction
exceeds one crore rupees;
(d) in the case of every company, other than a domestic company, at the rate of two and one-half
per cent. of such tax where the income or the aggregate of such incomes paid or likely to be paid
and subject to the deduction exceeds one crore rupees.
(
194-I, 194J, 194LA, 196B, 196C and 196D of the Income-tax Act, the deductions shall be made at the
rates specified in those sections and shall be increased by a surcharge for purposes of the Union,
calculated,—
(a) in the case of every individual, Hindu undivided family, association of persons and body of
individuals, whether incorporated or not, at the rate of ten per cent. of such tax where the income or
the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds ten
lakh rupees;
(b) in the case of every artificial juridical person referred to in sub-clause (vii) of clause (31) of
section 2 of the Income-tax Act, at the rate of ten per cent. of such tax;
(c) in the case of every firm and domestic company, at the rate of ten per cent. of such tax where
the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction
exceeds one crore rupees;
(d) in the case of every company, other than a domestic company, at the rate of two and one-half
per cent. of such tax where the income or the aggregate of such incomes paid or likely to be paid
and subject to the deduction exceeds one crore rupees.
(
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12 February 2011
see budget by this link
https://indiabudget.nic.in/ub2007-08/fb/bill2.pdf
https://indiabudget.nic.in/ub2007-08/fb/bill2.pdf
12 February 2011
Dear Expert, Thank you very much for your help, I also got it from somewhere else...
www.indiacorporateadvisor.com/pdf/fa2007.pdf
www.indiacorporateadvisor.com/pdf/fa2007.pdf
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