Nature of payment/expenses where TDS will be applicable with section and provisions
Common Heads where TDS Rates May Applied | |||
Nature of Expenses | Sections Applicable | Covered Area in Sec | Provisions in Respect of TDS |
AUDIT FEES | 194J | Accountancy Prof (includes Audit) | TDS Rate @ 10% if Amount Exceeds Rs 30000 |
BUSINESS PROMOTION | No TDS Attract subj to | No TDS Attract subj to | Expenses not incurred as per agreement or paid for promoting business can't claim TDS Deduction |
CONSULTANCY EXP. | 194J | Consultancy Services | TDS Rate @ 10% if Amount Exceeds Rs 30000 |
LEGAL & PROFESSIONAL EXPENSES | 194J | Proff Services include any Legal Ser | TDS Rate @ 10% if Amount Exceeds Rs 30000 |
MEMBERSHIP & SUBSCRIPTION EXP. | No TDS Attract subj to | No TDS Attract subj to | TDS Shall Attract if Subscription or membership relates to private institution to provide any technical help (which are not any Charity Trust , Govt Body or social body) |
PROFESSIONAL EXP | 194J | Professional Servises | TDS Rate @ 10% if Amount Exceeds Rs 30000 |
PUBLIC RELATION EXP. | 194J | Technical Services Require Humman Effort | TDS Rate @ 10% if Amount Exceeds Rs 30000 |
RECRUITMENT EXPENSES | 194C | Contract can entered for any business services including Recritment | IND/HUF - 1 %; OTHERS 2% on single pay exceeding Rs 30000. Also shall attract TDS if agg pay exceeds Rs 75000 during the FY |
RETAINERSHIP FEES | 194J | Professional Servises | TDS Rate @ 10% if Amount Exceeds Rs 30000 |
TRAINING AND WORKSHOP | 194J | By sepcify in notication no 88/2008 by Govt professional services is now extended to Traneers also | TDS Rate @ 10% if Amount Exceeds Rs 30000 |
TRAINING EXPENSES | 194J | By sepcify in notication no 88/2008 by Govt professional services is now extended to Traneers also | TDS Rate @ 10% if Amount Exceeds Rs 30000 |
TRANSLATION EXPENSES | 194J | Professional or techical service, because this work is required knowledge, professional skill for translating the language | TDS Rate @ 10% if Amount Exceeds Rs 30000 |
EQUIPMENT HIRING CHARGES | 194I | Plant & Machinery on Rent | TDS Rate @ 2% if Amount Exceeds Rs 180000 during the FY |
LEASE RENT CHARGES | 194I | Land , Building , Furniture & Fitting | TDS Rate @ 10% if Amount Exceeds Rs 180000 during the FY |
RENT | 194I | Land , Building , Furniture & Fitting | TDS Rate @ 10% if Amount Exceeds Rs 180000 during the FY |
BROKRAGE & COMMISSION | 194H | Commission other than Comm from Insurance Company | TDS Rate @ 10% if Amount Exceeds Rs 5000 |
ADVERTISEMENT EXPENSES | 194C | Definition of "work" includes advertisement, Bradcasting & Telecasting | IND/HUF - 1 %; OTHERS 2% on single pay exceeding Rs 30000. Also shall attract TDS if agg pay exceeds Rs 75000 during the FY |
ANNUAL MAINTANANCE CHARGE | 194C | Contract can entered for any business services including AMC | IND/HUF - 1 %; OTHERS 2% on single pay exceeding Rs 30000. Also shall attract TDS if agg pay exceeds Rs 75000 during the FY |
C&F & OTHER CHARGES | 194C | Definition of "work" includes Carriage of Goods | IND/HUF - 1 %; OTHERS 2% on single pay exceeding Rs 30000. Also shall attract TDS if agg pay exceeds Rs 75000 during the FY |
CONVEYANCE EXPENSES | 194C | ||
FREIGHT & CARTAGE - INWARDS | 194C | Definition of "work" includes Carriage of Goods | IND/HUF - 1 %; OTHERS 2% on single pay exceeding Rs 30000. Also shall attract TDS if agg pay exceeds Rs 75000 during the FY |
GENSET EXPENSES | No TDS Attract | No TDS Attract | No TDS Attract |
HIRING CHARGES | 194C | Contract can entered for any business services including Hiring Chgs | IND/HUF - 1 %; OTHERS 2% on single pay exceeding Rs 30000. Also shall attract TDS if agg pay exceeds Rs 75000 during the FY |
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