What are the new TDS rates for Contractor and Sub
Contractor for the F.Y.2009-10

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What are the new TDS rates for Contractor and Sub Contractor for the F.Y.2009-10..

Answer / yogesh

Section Tax Type Tax Code TDS Rate
Description
Contract (U/s 194C) AC A1 1% Individual
and HUF Contractor
IC I1 1% Individual and HUF
Contractor
AC A2 2% Other than Individual and
HUF
IC I2 2% Other than Individual and
HUF
AT A0 0% Transport party who is
having PAN
IT I0 0% Transport party who is
having PAN

Rent (U/s 194I) AI A2 2% In case of Plant &
Machinery
II I2 2% In case of Plant & Machinery
AI A3 10% In case of Land, Building
and Furniture
II I3 10% In case of Land, Building
and Furniture
AI A4 15%
II I4 15%
AI A5 20%
II I5 20%

Interest on Securities (U/s 193) AS A3 10%
In all the cases
IS I3 10% In all the cases

Interest othen than Int. on securities (U/s 194A) AA
A3 10% In all the cases
IA I3 10% In all the cases

Professional Services (U/s 194J) AJ A3 10%
In all the cases
IJ I3 10% In all the cases

Brokerage/ Commission (U/s 194H) AH A3 10%
In all the cases
IH I3 10% In all the cases

Is This Answer Correct ?    13 Yes 1 No

What are the new TDS rates for Contractor and Sub Contractor for the F.Y.2009-10..

Answer / t brahma naidu

194 C - CONTRACTORS & SUBCONTRACTORS TDS RATES
1. CONTRACTORS - 2%
2. SUBCONTRACTORS - 1%

Is This Answer Correct ?    5 Yes 1 No

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