Hi Everybody
can anyone post the new TDS Rates ??
Menu
New TDS rates
Replies (12)
NEW TDS RATES FROM 01.10.2009 PROPOSED IN BUDGET 2009 PRESENTED ON 06/07/2009
Particulars
NEW TDS RATES% IF DEDUCTEE IS
Section
Nature of Payment
CUT OFF AMOUNT
INDIVIDUAL and HUF
OTHER
194A
Interest from a Banking Company
Rs. 10,000/- p.a
10.00
20.00
194A
Interest other than from a Banking Co.
Rs. 5,000/- p.a
10.00
20.00
194C
Payment to sub-contrctor/Advertisement contracts
Rs.20,000/- per contract or Rs. 50,000/- p.a
1.00
2.00
194C
other Contractors
Rs.20,000/- per contract or Rs. 50,000/- p.a
1.00
2.00
194C
transport contractors engaged in the business of plying, hiring or leasing goods carriages.
Nil *
194H
Commission or Brokerage
Rs. 2,500/- p.a
10.00
194I
Rent other than Plant, Mach.& Eqp.
Rs. 1,20,000/- p.a
10.00
194I
Rent of Plant , Machinery & Equipments
Rs. 1,20,000/- p.a
2.00
194J
Professional Charges
Rs.20,000/-p.a
10.00
* 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 upto 31.3.2010
** The rate of TDS will be 20 per cent in all cases, if PAN is not quoted by the deductee w.e.f. 1.04.2010
***No surcharge and cess on tax deducted on non-salary payments made to resident taxpayers.
correct rates are available here
https://www.simpletaxindia.org/2009/07/new-tds-rate-fy-09-10-after-budget.html
Now there is no cess on tds other than salary , but what about surcharge & cess on TCS on scraps,etc? Any ideas?
Please clarify above tcs query
whether surcharge & cess is applicable to tcs? No surcharge and cess on tax deducted on non-salary payments made to resident taxpayers, but info available is silent about TCS.
Hey,
Do you have any circular or notification issued ?
i suppose to deduct employees tds
pl suggest on what basis i have to deduct
| Originally posted by :arvind | ||
| " | Hi Everybody can anyone post the new TDS Rates ?? |
" |
what are the provision for foreign companies, the surcharge (2.5 %) and education cess (3%) still needs to be deducted or not?
no surcharge and cess on tds/tcs for any payment(except salary) made to a resident taxpayer.
Surcharge on tds/tcs is applicable for foreign companies
Hi
can i have the link related to gazette or notification of new tds rates
Hi Everybody
pls can anyone post the new TDS Rates ??
Recent Topics :
- Business discontinued as Government took possessio
- Which Aviation Services Can Air Ticketing Professi
- Section 87A
- GST on Transport
- Which software to buy
- Property Selling and buying
- Office Management System
- Can I pursue articleship alongside a regular full-
- Investment fund's income from ncd distribution to
- Comparative BS PL with Audit report
Related Topics :
CAclubindia
