tds
This query is : Resolved
02 June 2010
whether tds deducted on Labour charges and legal and professinal fee in FY 2009-10 (1.4.2009- 31.3.2010). Tell me exemption limit and tds rate
Sunil Kr. Sanganeria
(Expert)
02 June 2010
Exemption limit on labour charges u/s 194C is Rs. 20000/- in a single payment and Rs. 50000/- in the aggregate and TDS rate are as follows:-
if the receipient is an individual/HUF-1%
If the receipient is any other person-2%
Exemption limit for legal & Professional u/s 194J is Rs. 20000/- and TDS rate is 10%
if the receipient is an individual/HUF-1%
If the receipient is any other person-2%
Exemption limit for legal & Professional u/s 194J is Rs. 20000/- and TDS rate is 10%
Shyam Lal Naik
(Expert)
02 June 2010
The TDS rate upto 30.09.09 was : -
1% in case of Sub Contract & Advertisement
2% in case of Contract
1% in case of Sub Contract & Advertisement
2% in case of Contract
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