Monday, 27 August 2012

Which Payment will be Liable to TDS?

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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