we want to know that the rate of TDS on contractor , rent,
Professional and also know that what is the minimum amount
for TDS on Contractor , Professional
Answer Posted / manoj s
SEC 194C -CONTRACTORS. IF THE SINGLE BILL IS EXCEEDING
30000 OR THE AGGREGATE BILL IN A YEAR EXCEEDS 75000..THEN
TDS OF 1% IS DEDEUCTED IF IT IS SUB CONTRACTING OR
ADVERTISING .. IN OTHER CASES 2% OF TDS IS DEDUCTED
SEC194I-RENT .. IF THE AMOUNT EXCEEDS 180000 PER ANNUM ..
THEN PLANT AND MACHINERY 2%
OTHER ASSETS 10% IS DEDUCTED
SEC194J-PROFESSIONAL FEES.. IF AMOUNT EXCEEDS 30000 IN A
YEAR.. THEN 10% TDS IS DEDUCTED
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