28th October 2008 From India , New Delhi
When there is a transfer of title of goods, it amounts to sale. Hen ce, no contractual obligation on the part of buyer to deduct tax at source as you ordered to supply the goods and he has supplied the same as per your specifications.
Muniswamy Nayuak badrappa
29th October 2008 From India , Pondicherry
Rate of TDS for contractor is 2% + 3% education cess = 2.06% (No TDS will be deducted if annual bill is less than 50000/- or single bill is less than 20000/-)
for Advertising contract 1 + 3 = 1.03%
for professional fees 10 + 3 = 10.30 (No TDS if annual bill is less than 20000/-)
for Rent 15 + 3 = 15.45% (for individual) & 20 + 3 = 20.60% (for company) (No TDS if annual rent is less than 120000/-)
for Commisison/Brokerage 10 + 3 = 10.30% (Limit 2500/-)
for Interest 10 + 3 = 10.30% (Limit 5000/-)
TDS on salary as per income tax slab.
1st September 2009 From India , Thana