Tax collection at source rates impose differentiated withholding for specified goods and residency categories under income tax law. Tax Collection at Source rates for 2012-13 set withholding percentages for specified goods (alcoholic liquor, tendu leaves, timber, other forest products, ... Summary
Tax collection at source rates impose differentiated withholding for specified goods and residency categories under income tax law.
Tax Collection at Source rates for 2012-13 set withholding percentages for specified goods (alcoholic liquor, tendu leaves, timber, other forest products, scrap, packing/ mining/ quarrying services, certain minerals, bullion and jewellery). Rates are inclusive of surcharge and education cesses and vary by payee status-resident/domestic, non resident/foreign, and an elevated tier for foreign companies above a high value payment threshold. Cash sale thresholds and specified effective dates are indicated for particular items.
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