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TDS on trusteeship fees

TDS 4250 views 7 replies

Gargi Ranade

619 Points Joined January 2009

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)

Sumit Kathuria

article

31 Points Joined September 2009

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%

Rajeev

www.rkmco.com

985 Points Joined September 2009

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 )