What is the rate of TDS U/s 194 C if Deductor is Proprietor
and Deductee is proprietor
and Deductee is company or partnership
Thanks in Advance
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 15 October 2009
Dear Aniket,
TDS Rate Chart For the A.Y. 2010-11 is as below for ur reference.
|
TDS Rate Chart Assessment Year : 2010-2011 Financial Year : 2009-2010 |
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|
Particulars
|
Individual / HUF
|
Domestic Company / Firm
|
Criteria for Deduction
|
|
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| Nature of Payments |
Section Code
|
Rate
|
Rate
|
|||
| 1. Salary |
192
|
As per the prescribe rates applicable to Individual / Women & Senior Citizens
|
||||
| 2. Interest other than Interest on Securities |
194A
|
10
|
10
|
Payment in excess of
Rs 5,000/- p.a. |
||
| 3. Winning from Lotteries & Puzzles |
194B
|
30
|
30
|
|
||
| 4. Payment to Contractors |
194C
|
1a
|
2
|
Payment in excess of
Rs 20,000/- per contract or Rs. 50,000/- p.a. |
||
| 4.1 Payment to Adverting / Sub Contractors |
194C
|
1b
|
2b
|
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| 5. Insurance Commision |
194D
|
10
|
10
|
|
||
| 6. Commision & Brokerage |
194H
|
10
|
10
|
Payment in excess of
Rs 2,500/- p.a. |
||
| 7. Rent - Land & Building |
194I
|
10c
|
10d
|
Payment in excess of
Rs 1,20,000/- p.a. |
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| 7.1 Rent - Plant & Machinery |
194I
|
2e
|
2e
|
|||
| 8. Professional Fees & Technical Services |
194J
|
10
|
10
|
Payment in excess of
Rs 20,000/- p.a. |
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|
Please note that
1. Surcharge is only applicable in case of payment to foreign company when payment is more than 1 crore. 2. Education cess is applicable only in case of Salary TDS and in case of payment to non-resident or foreign company. a. Before 01-10-2009 IT - 2 b. Before 01-10-2009 IT - 1 c. Before 01-10-2009 IT - 15 d. Before 01-10-2009 IT - 20 e. Before 01-10-2009 IT - 10 |
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Best Regards,
ratan
CAclubindia
