TDS Liability
This query is : Resolved
05 October 2009
are tds rate on hiring contracts will change w.e.f. 01/10/2009. if yes what is current rate
Shyam Lal Naik
(Expert)
05 October 2009
Yes.
The rate for hiring of Plant, Machineries, Equipments falling under the TDS provisions u/s 194I of the IT Act has undergone change w.e.f. 01.10.09.
The new rate is 2% in place of 10% earlier.
The rate for hiring of Plant, Machineries, Equipments falling under the TDS provisions u/s 194I of the IT Act has undergone change w.e.f. 01.10.09.
The new rate is 2% in place of 10% earlier.
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