Do u have any news regarding change of TDS rate, in ref to Payment to Contractors??
Thanks
not yet
last update was on july 2010
after that, no information
if payment made to individual tds is 1%others 2%.
if payment made to individual for freight there is no tds.
after 01.07.2010 no information related with changes.
in july 2010 it was made 1% from 2%
Contractors-Incase of Indv/HUF - 1% others 2%, No Ed.Cess/Sc&Hr Cess/ if pmt excedd Rs.30000/- or
Rs.75000/- during the year.
No TDS on Freight charges/TRansporters
This May Help You
Changes in TDS
last change come in force in July -10 after thats not change in TDS Rate
its still 1% on ind/HUF
and 2% for Other
After July 2010 no change
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