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Disclaimer :- |
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Utmost care has been taken to compile this circular , however the firm shall not be responsible for any error or omission that may have cropped up during its compilation . |
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The views expressed in this circular are the personal views of the contributors . The contents in this circular should not be construed as legal or professional advise . |
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Neither the contributors nor the firm is responsible for any decision taken by the readers on the basis of contents of this circular . |
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Sr.
No. |
Sec. of IT. Act & Nature of Income / Payment |
When to Deduct tax at source |
In Case the payee is an Individuals , HUFs, AOP, BOI |
In case the payee is a Firm |
In case the payee is a Domesic Company |
In case of Foreign Company . |
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Total |
Total |
Total |
Total |
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B |
Non Salary Deductions :- |
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1 |
Sec 194A Interest other than " Interest on Securities " payable by persons other than Individual / HUF |
At the time of credit or payment, which is earlier , when the aggregate sums payable during the finanacial year exceeds Rs. 5,000/= |
10.00 |
10.00 |
10.00 |
10.558 |
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2 |
Sec No. 194C
Payments to contractors/sub-contractors (payable to sub-contractor by persons other than Individual / HUF |
At the time of credit or payment, whichever is earlier, where the amount of sum credited or paid exceeds Rs. 30,000/= and if aggregate of amounts of sums credited or paid during the financial year exceeds Rs. 75,000/= |
1.00 |
2.00 |
2.00 |
2.112 |
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3 |
Sec No. 194H
Commission or brokerage , payable by persons other than Individual / HUF |
At the Time of Credit or payment , Whichever is earlier , when the aggregate sums credited / paid during the financial year exceeds Rs. 5,000/= |
10.00 |
10.00 |
10.00 |
10.558 |
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4a |
Sec No. 194I
Rent [payable by persons other than Individual / HUF] for the use of machinery/plant/equipment |
At the Time of Credit or payment , Whichever is earlier , when the aggregate sums credited / paid during the financial year exceeds Rs. 1,80,000/= |
2.00 |
2.00 |
2.00 |
2.112 |
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4b |
Sec No. 194I
Rent [payable by persons other than Individual / HUF] for the use of land or bldg. (incl.factory bldg.)/land appurtenant to bldg. (incl. factory bldg.)/furniture or fittings |
At the Time of Credit or payment , Whichever is earlier , when the aggregate sums credited / paid during the financial year exceeds Rs. 1,80,000/= |
10.00 |
10.00 |
10.00 |
10.558 |
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5 |
Sec No. 194J
Fees for -
1. professional services or technical services; or
2. Royalty ; or 3. any sum ref. to in sec. 28(va) [payable by persons other than Individual / HUF] |
At the Time of Credit or payment , Whichever is earlier , when the aggregate sums credited / paid during the financial year exceeds Rs. 30,000/= in either case |
10.00 |
10.00 |
10.00 |
10.558 |
