tds

N R ARUNA

Student

44 Points Posted on 24 January 2008

yes it should be deducted

Guest

460655 Points Posted on 25 January 2008

Yes @ 2.06 or 2.266 as the case may be

CA S Sundararajan

CAO

536 Points Posted on 25 January 2008

Ofcourse , Ms.Uthra,Tax has to be deducted on the amt paid or payable to Security agencies. Privided , gross amount payable to the mexceed Rs 20k. Rate may differ with type of deductee.

Person: Indl,HUF,BOI& AOP, payment ,payment made morethan 10 lakhs - 2.266 % and lessthan 10 Lakhs -2.06%. Person : Firm Taxable income exceed Rs 1Crore-2.266% Taxable income not exceed Rs 1Crore-2.06% Person:Company Taxable income exceed Rs 1Crore-2.266% Taxable income not exceed Rs 1Crore-2.06%

Guest

460655 Points Posted on 25 January 2008

PLZ SEND RECENT AMENDMENTS OF INCOME TAX (PE-11)

anonymous

final student

42 Points Posted on 25 January 2008

thanks to all!!

CA Chaitanya

PRACTISING CA

4283 Points Posted on 26 January 2008

Yes it should be deducted if u/s 194J

M.Sriram Shenoy

CA Final

814 Points Posted on 28 January 2008

Certainly tax has to be deducted at source for security charges if the deductor happens to be a person, other than an individual(not liable to tax audit) or HUF.