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TDS whether 2.06% or 2.266%

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(Querist)
28 January 2009 Dear sir,

we are 100 crores turnover construction company. we were enter an agreement for security services with a Security services private limited company and we are making average monthly payment around Rs 4 to 5 Lacs.

Now my question is what TDS rate to be applicable to them either 2.06% or 2.266% u/s 194C of IT Act 1961.

Pls clarify
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CA R N Mohil

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CA R N Mohil (Expert)
28 January 2009 If aggreagate payment to the recipient ( security company being a Domestic Company ) for the Asst year exceeds Rs 1 crore TDS need to be deducted @2.266% otherwise it Is to be @ 2.206%
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CA R N Mohil

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CA R N Mohil (Expert)
28 January 2009 If aggreagate payment to the recipient (security company being a Domestic Company ) for the Asst year exceeds Rs 1 crore TDS need to be deducted @2.266% otherwise it Is to be @ 2.206%
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
08 February 2009 yes. mr mohil is correct
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