TDS

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CA HITESH LUTHRA (Querist)
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05 January 2010

IF A COMPANY HAS MADE PAYMENT TO CONTRACTOR ( NON COMPANY) AND DEDUCT TDS @ 2.06% AND PAYMENT IS AROUND rS 14,00,000. WHETHER RATE OF TDS DEDUUCTED IS CORRECT?

Heera Nahariya

Heera Nahariya (Expert)
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05 January 2010 if paid before 1.10.09 then it was 2%
if paid after on or after 1.10.09 it is 1%

surcharge & cess in both the cases not applicable.

Bimal Thacker

Bimal Thacker (Expert)
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05 January 2010 I would like to comment on reply of Heera Nahariya about paid after 1.10.2009. It is 1% only for Individual, HUF, BOI, AOP for others like Firm, Society etc it is 2%.
Befor 1.10.09 Ed. cess, Higher Ed. Cess, Surcharge is applicable

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