Sandeep Ahuja & Co.

Established in the year 1986, we are a leading chartered accountancy firm based in Delhi & NCR rendering comprehensive professional services which include statutory audit, internal audit, direct tax, transfer pricing, GST, bank audit, propriety audit, cost accounting, internal financial controls and risk advisory.

Tuesday, May 13, 2014

TDS Rate Chart for Assessment Year: 2015-16 Financial Year: 2014-15

TDS Rate Chart for Assessment Year: 2015-16 Financial Year: 2014-15
Particulars
Individual/HUF
Domestic Company/Firm
Criteria for deduction
Nature of Payments
Section Code
Rate
Rate
Payment in Excess of
1. Salary
192
As per the prescribed rates applicable to Individuals

2. Interest other than Interest on Securities
194A
10
10
Banking Rs. 10000/-p.a.
Others Rs 5000/-p.a.
3. Payment to Contractors
194C
1
2
Rs. 30,000/-per contract or
Rs. 75,000/- p.a.
4.1 Payment to Adverting/Sub Contractors
194C
1
2
Rs. 30,000/-per contract or
Rs. 75,000/- p.a.
5. Commission & Brokerage
194H
10
10
Rs. 5,000/-p.a.
7. Rent- Land & Building
194I
10
10

Rs. 1,80,000/-p.a.
7.1 Rent-Plant & Machinery
194I
2
2

Rs. 1,80,000/-p.a.
8. Professional Fees & Technical Services
194J
10
10
Rs. 30,000/-p.a.
9. Immovable Property other than Agricultural Land
194IA
1
1
Rs. 50,00,000/-
TCS Rate Chart for Assessment Year: 2015-16 Financial Year: 2014-15
Nature of goods

TCS Rate
Timber obtained by any mode other than under a Forest Lease
2.5%
Any other Forest produce not being forest timber or tendu leaves
2%
Scrap
1%
Parking Lot, Toll Plaza, Mining and Quarrying
2%
Bullion if consideration exceeds Rs. 2 Lakhs or jewellery, if consideration exceeds Rs. 5 Lakhs (and any amount is received in cash) (applicable from 1st July 2012)
1%

Contributed By : Ms Tanya Gagneja ( CA Article at Sandeep Ahuja & Co )


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