Rate of TDS

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Deepak Kakkar (Querist)
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22 August 2009 At present (FY 2009-2010) what is the rate of TDS under the following circumstances

a. In the case of contractor
I. If the payment is less than Rs.10 Lacs
II. If the payment is more than Rs.10 Lacs

b. In the case of rent paid
I. If the payment is less than Rs.10 Lacs
II. If the payment is more than Rs.10 Lacs

sivadas chettoor

sivadas chettoor (Expert)
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22 August 2009 Regarding the rate of tax for contracts it will vary according to the nature of the contract. It will vary according to the status of the parties as well as the quantum of the contract sum. So please supply more information.
Regarding rent also the position is the same and I require more details.

sivadas chettoor
siva208@yahoo.com

Deepak Kakkar

Deepak Kakkar (Querist)
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23 August 2009 Hi Mr.Sivadas,

Thanks much for the reply, however in the case of the contractor, the nature of contract is towards fabrication of garments, dyeing of garments.

In the case of rent, i am referring to the property rent.