TDS rate chart 13-14

Romancing the Taxation
TDS chart rate
Section No.	Payment for the purpose of	TDS not required to be compulsarily deducted if payment expected to be made during the year is less than	TDS Rate for Payment to
			Individual/ HUF	Others
192	Salary	Min amt not chargeable to tax	As per Slab Rates
193	Interest on Securities/ Debentures	5000	10%	10%
194	Deemed Dividend	-	10%	10%
194A	Interest other than securities   - Banks   - Others	10000 5000	10% 10%	10% 10%
194B	Winning from Lotteries/Game/Puzzle	10000	30%	30%
194BB	Winning from Horse Race	5000	30%	30%
194C	Payment to Contractors   - Single Transaction   - Aggregate during the Year   - Transporter who has provided PAN	30000 75000 Nil	1% 1% Nil	2% 2% Nil
194D	Insurance Commission	20000	10%	10%
194E	Non-Resident Sportsmen	-	20%	20%
194EE	Payment out of deposits under NSS	2500	20%
194G	Commission - Lottery	1000	20%
194H	Commission - Brokerage	5000	10%
194I	Rent   - Land & Building   - Plant & Machinery	180000 180000	10 2	10 2
194J	Professional Fees	30000	10	10
194IA	Immovable Property (wef 1st June 13)	5000000	1%	1%

CBDT - Notified Income-tax (3rd Amendment) Rules, 2013 vide NOTIFICATION NO. 34/2013

Romancing The Taxation

CBDT has notified Income-tax (3rd Amendment) Rules, 2013 vide NOTIFICATION NO. 34/2013 [F.NO.142/5/2013-TPL]/SO 1111(E), DATED 1-5-2013.Under these rules ,various rules regarding Income taxreturn for assessment year has been amended.

It is mandatory to file audit reports u/s 44AB, 92E, 115JB through online facility .once the information is filled with such forms. It would not be possible to change or modify in any way.

Following are some details regarding same.

U/s 44 AB where total income exceeds Rs.1cr——Form 3CA,3CB,3CD—–due date is 30.09.2013 or 30.11.2013 if sec92E applies.

U/s 92E in case of international transactions or specified domestic transactions—Form 3CE —-due date is 30.11.2013.

U/s 115JB where provisions of mat applies—–Form 29B —–due date is 30.09.2013 or 30.11.2013 if Sec 92 E applies