Question { 3241 }

what is tds rates for company / indivisuals?

Answer

Normally companies have been deducting TDS based on the
transaction applicable to TDS. Here is the details
Contractor - 2% for Company 1% for Individual
Professional - 10%
Rent for Building- 10%
Transportation for Cab alone not goods carrier - 2%
Rent for Hiring machinery - 2%
Interest - 10%
Commission -10%

Note :
If the party has not provided PAN # then 20% has to be
deducted from their bills