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TDS on trusteeship fees

TDS / TCS 4606 views 7 replies

Hi Dear all

I am new in taxation field and for the first time dealing with TDS matter, kindly help me.

s it require to cut TDS on debenture trusteeship fees?If yes what is he rate?

Thanks and regards,

Gargi 

Replies (7)
Originally posted by :Gargi Ranade
"

Hi Gargi 

 if trusteeship fees is type of professional fees then TDS @ 10%

otherwise it is contract then tds @ 2%

"


 

Hi Gargi ,

        Its in the nature of Professional Fees . So TDS u/s 194J @ 10% wef 1/10/2009 has to be deducted . If the credit and /or payment is prior to that , pls include surcharge and EC over and above 10% ( unless u plan to claim relief u/s 294 for surcharge & EC )

Thanks Sumit sir and Rajeev sir for your reply.

hello rajiv i think surcharge & cess has been abolished w.e.f  01.04.09  if  i m wrong please correct me

Originally posted by :Tarun Sharma
" hello rajiv i think surcharge & cess has been abolished w.e.f  01.04.09  if  i m wrong please correct me "

 

You are right tarun.

hiiiiiiiiiii tarun,

surcharge & cess has been abolished w.e.f  01.10.09 not 01.04.09.

hi sumit from where u find dis information ..........................


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