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TDS Rate for Rent On Office and Building

Madhukar (Accounts Manager) (36 Points)

25 September 2009

Dear Friends,

I heard that the TDS rate is changed from 1 Oct 2009 for house rent and building. please share the new TDS rate for the same.

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(Guest)

Sec 194 I - Rent to a resident-

a). Rent of plant, Machinery or equipment (up to Sept 31, 2009) 10%.

b). rent of land , building or furniture to an individual and Hindu undivided family (up to September 30, 2009) - 15 %

c). Rent of land, building or furniture to a person other than an individual or Hindu undivided family (up to Setp 30, 2009) - 20%

d). rent of plant and machinery (with effect from October 1, 2009) - 2%

e). rent of land or building or furniture or fitting (with effect from October 1, 2009) - 10%

Note :- SC: Nil, EC: Nil, SHEC: Nil.

(Guest)

For more info, check d depicted link :-/mobile/articles/display_article_list_mobile.asp?article_id=2603

aurangzaib khan (financial consultant) (95 Points)
Replied 25 September 2009

tds rate provided by deepak is correct in all respect.

(Guest)

pls see the attachment

Attached File : 10 tds rates 2009 10.pdf downloaded: 483 times

sivaram (Asst Mgr-Taxation) (6918 Points)
Replied 25 September 2009

Originally posted by :aurangzaib khan
"	tds rate provided by deepak is correct in all respect.	"

The rate provided by Mr Deepak Mishra is correct

Sanjeet (Sr. Executive F&A) (114 Points)
Replied 25 September 2009

mostly tds rate will be changed after 1/10/09 not only rent

like say 194C also changed. if any one need help u can mail me on sanjeetkumar13 @ gmail.com or ask on same place.

CA Parth Shah (Chartered Accountant) (369 Points)
Replied 25 September 2009

agree with Mr.Dipak Mishra.

Vidya (Accounts Executive) (564 Points)
Replied 25 September 2009

TDS rates provided by Mr. Deepak is correct

punam (article assistant) (56 Points)
Replied 27 October 2009

Aree with the TDS retes given by Mr Deepak

Parul Negi ( CA Final Student) (175 Points)
Replied 30 October 2009

Originally posted by :Madhukar
"	Dear Friends, I heard that the TDS rate is changed from 1 Oct 2009 for house rent and building. please share the new TDS rate for the same.	"

pls check the attachment for new TDS rates as applicable from 01-10-2009

Attached File : 36 tds rates for ay 10 11 pdf.pdf downloaded: 168 times

RADHA KRISHNAN (Accountant) (26 Points)
Replied 30 October 2009

the rate provided by Deepak is correct

VIRAG GUPTA (Audit Incharge) (65 Points)
Replied 12 December 2009

Section	Nature of Payment	Status	Tax (%)

193	Interest on Debentures & Securities		10
194	Deemed Dividend		10
194A	Other Interest > Aggregate sum exceeding Rs. 10,000 for Banking Co’s , etc.per person during the financial year. > Aggregate sum exceeding Rs. 5,000 per person during the financial year		10
194B	Lottery/Crossword Puzzle > Rs.5,000		30
194BB	Winnings from Horse Race > Rs. 2,500		30
194C	Contracts to Transporter, who has provided a valid PAN		0*
	Contracts to Individuals/HUF		1
	Contracts to others		2
194D	Insurance Commission > Rs.5,000		10
194EE	Withdrawal from NSS > Rs.2,500		20
194F	Repurchase of Units by MF/UTI		20
194G	Commission on Sale of Lottery Tickets > Rs.1,000		10
194H	Commission or Brokerage > Rs.2,500		10
194I	Rent > Rs.1,20,000 p. a. Rent of Plant & Machinery		2
194I	Rent of Land, Building, Furniture, etc		10
194J	Professional or Technical Fess > Rs.20,000		10
194LA	Compensation on Compulsory Acquisition of immovable property >Rs.1,00,000 during the financial year		10
Surcharge			0
Education Cess			0

* If there is no PAN details, then @ 1% or @ 2%. From 1st April 2010 it is 20%.

Form 27Q:

Section	Nature of Payment	Status	Tax (%)

194E	Payment to nonresident sportsmen or sports association		10
195(a)	Income from foreign exchange assets payable to an Indian citizen		20
195(b)	Income by way of long-term capital gain referred to in sec. 115E		10
195(c)	Income by way of Short-term capital gains u/s. 111A		15
195(d)	Income from other long-term capital gains		20
195(e)	Income by way of interest payable by Government/Indian concern on money borrowed or debt incurred by Government or Indian concern in foreign currency		20
195(f)	Royalty payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern after March 31, 1976, where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to section 115A(1A) to the Indian concern or in respect of computer software referred to in the second proviso to section 115(1A), to a person resident in India -
	1.Where the agreement is made before June 1, 1997		30
	2.Where the agreement is made after May 31, 1997 but before June 1, 2005		20
	3.Where the agreement is made on or after June 1, 2005		10
195(g)	Royalty (not being royalty of the nature referred to in (e) sub para) payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy
	1.Where the agreement is made after March 31, 1961 but before April 1, 1976	COMPANY	50
		OTHERS	30
	2.Where the agreement is made after March 31, 1976 but before June 1, 1997		30
	3.Where the agreement is made after May 31, 1997 but before June 1, 1997		20
	4.Where the agreement is made on or after June 1, 2005		10
195(h)	Fee for technical services payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with the policy -
	1.Where the agreement is made after February 29, 1964 but before April 1, 1976	COMPANY	50
		OTHERS	30
	2.Where the agreement is made after March 31, 1976 but before June 1, 1997		30
	3.Where the agreement is made after May 31, 1997 but before June 1, 2005		20
	4.Where the agreement is made on or after June 1, 2005		10
195(i)	Any other income	COMPANY	40
195(i)	Any other income	OTHERS	30
196A	Income in respect of Units of Non-residents		20
196B	Income and Long-term Capital gain from units of an Off shore fund		10
196C	Income and Long-term Capital Gain from Foreign Currency Bonds or shares of indian companies		10
196D	Income of Foreign Institutional Investors for Securities		20
Surcharge ( On Tax)	Applicable for Foreign Companies if payment/credit exceeds Rs.1 crore of such companies		2.5
Education Cess	on Tax deducted Plus Surcharge		3

Form 27EQ:

Collection Code	Nature of Purchase	Tax (%)
6CA	Alcoholic liquor for human consumption	1
6CB	Timber obtained under a forest lease	2.5
6CC	Timber obtained under any mode other than forest lease	2.5
6CD	Any other forest product not being timber or tendu leave	2.5
6CE	Scrap	1
6CF	Parking Lot	2
6CG	Toll plaza	2
6CH	Mining and quarrying	2
6CI	Tendu leaves	5
Surcharge (On Tax)	Applicable for Foreign Companies if collections exceeds Rs.1 crore of such companies	2.5
Education Cess	Applicable for Foreign Companies	3

VIRAG GUPTA (Audit Incharge) (65 Points)
Replied 12 December 2009

Dear Friends,
Suppose the income of minor child clubbed in the hand of His father, how father will get the benefit of TDS deducted on his son;s income, because income earned by son and TDS certificate issued by deductor will be in his name only