tds

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Sravani Sureddy (Querist)
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22 March 2010 what are the tds rates on rent u/S194I and Contract 194C between the financial year 1/4/2009 to 30/9/2009 and when will surcharge applicable there on?

CA.Hanumantha Reddy

CA.Hanumantha Reddy (Expert)
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22 March 2010 a) ten per cent for the use of any machinery or plant or equipment;

(b) fifteen per cent for the use of any land or building
(c) twenty per cent for the use of any land or building

Shyam Lal Naik

Shyam Lal Naik (Expert)
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22 March 2010 TDS Provision during 01/04/09 - 30/09/09

194 I

Rent on Plant/Machinery/Equipment = 10%

Rent on Land/building/Furniture
If the payee is Indivisual/HUF = 15%
If the payee is other = 20%

194C

Payment to Contractor = 2%
Payment to sub contractor/Advertisement Contract = 1%

Surcharge abolished wef 01/04/09