tds rate
This query is : Resolved
30 November 2009
dear sir , kindly give me the details of tds rate for this fy
30 November 2009
dear narayan,
pls check the files. lot of details are available.
pls check the files. lot of details are available.
30 November 2009
Section Code Nature of Payment Threshhold Limit to deduct tax In case recipient is an Individual / HUF If the recipient is other than Individual / HUF
194-A Interest other than interest on securities
Interest from Banking Company Rs.10,000/- p.a. 10 % 20 %
194-A Interest other than interest on securities
Interest other than from Banking Company Rs.5,000/- p.a. 10 % 20 %
194-C Payment to Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year 1 % 2 %
194-C Payment to Advertising Contractor / Sub Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year 1 % 2 %
194-C Payment to transport contractor / sub contractor If PAN Quoted NIL NIL
194-C Payment to transport contractor / sub contractor If PAN not quoted 1%
*20% from 01.04.2010 2%
*20% from 01.04.2010
Section Code Nature of Payment Threshhold Limit to deduct tax In case recipient is an Individual / HUF If the recipient is other than Individual / HUF
194-H Payment of commission or brokerage to resident Rs.2,500/- p.a. 10 % 10 %
194-I Payment of Rent Rs.1,20,000/- p.a. 10%
*20% from 01.04.2010 10%
*20% from 01.04.2010
194-I Payment of Rent for use of Plant , Machinery or Equipment Rs.1,20,000/- p.a. 2 %
*20% from 01.04.2010 2 %
*20% from 01.04.2010
194-J Payment of professional or technical services Rs.20,000/- p.a. 10 % 10 %
Note :
1. Surcharge ,Education Cess and Health Cess is not applicable for TDS.
2. w.e.f 01-10-2009, the nil rate will be applicable if the transporter quotes his PAN. If PAN is not quoted the rate will be 1% for an individual/HUF transporter and 2% for other transporters up to 31-03-2010
3. The Rate of TDS will be 20% in all cases, if PAN is not quoted by the deductee (including transporter) w.e.f. 01-04-2010
194-A Interest other than interest on securities
Interest from Banking Company Rs.10,000/- p.a. 10 % 20 %
194-A Interest other than interest on securities
Interest other than from Banking Company Rs.5,000/- p.a. 10 % 20 %
194-C Payment to Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year 1 % 2 %
194-C Payment to Advertising Contractor / Sub Contractor Rs.20,000/- Per Single Contract or Rs.50,000/- exceed during the financial year 1 % 2 %
194-C Payment to transport contractor / sub contractor If PAN Quoted NIL NIL
194-C Payment to transport contractor / sub contractor If PAN not quoted 1%
*20% from 01.04.2010 2%
*20% from 01.04.2010
Section Code Nature of Payment Threshhold Limit to deduct tax In case recipient is an Individual / HUF If the recipient is other than Individual / HUF
194-H Payment of commission or brokerage to resident Rs.2,500/- p.a. 10 % 10 %
194-I Payment of Rent Rs.1,20,000/- p.a. 10%
*20% from 01.04.2010 10%
*20% from 01.04.2010
194-I Payment of Rent for use of Plant , Machinery or Equipment Rs.1,20,000/- p.a. 2 %
*20% from 01.04.2010 2 %
*20% from 01.04.2010
194-J Payment of professional or technical services Rs.20,000/- p.a. 10 % 10 %
Note :
1. Surcharge ,Education Cess and Health Cess is not applicable for TDS.
2. w.e.f 01-10-2009, the nil rate will be applicable if the transporter quotes his PAN. If PAN is not quoted the rate will be 1% for an individual/HUF transporter and 2% for other transporters up to 31-03-2010
3. The Rate of TDS will be 20% in all cases, if PAN is not quoted by the deductee (including transporter) w.e.f. 01-04-2010
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
