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    <title>THE THIRD SCHEDULE - RATES FOR DEDUCTION OF TAX AT SOURCE</title>
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    <description>Prescribes withholding rates for tax deduction at source from payments to resident deductees: salary withheld at the average income tax rate on salary; works contracts, service contracts, broadcasting/telecasting, and supply of labour at one per cent; advertising and carriage other than railways at one per cent; interest, most dividends, commission/brokerage/remuneration, professional or technical fees, royalty/non-compete fees, compensation on compulsory acquisition of non agricultural immovable property, and any other income at ten per cent; rent for machinery at one per cent and for land/building/furniture at ten per cent; winnings from lotteries, puzzles, games and horse races at thirty per cent, with definitions extending &quot;contract&quot;, &quot;broadcasting and telecasting&quot; and &quot;service contract&quot; accordingly.</description>
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    <pubDate>Thu, 20 Aug 2009 15:28:28 +0530</pubDate>
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      <link>https://www.taxtmi.com/acts?id=11065</link>
      <description>Prescribes withholding rates for tax deduction at source from payments to resident deductees: salary withheld at the average income tax rate on salary; works contracts, service contracts, broadcasting/telecasting, and supply of labour at one per cent; advertising and carriage other than railways at one per cent; interest, most dividends, commission/brokerage/remuneration, professional or technical fees, royalty/non-compete fees, compensation on compulsory acquisition of non agricultural immovable property, and any other income at ten per cent; rent for machinery at one per cent and for land/building/furniture at ten per cent; winnings from lotteries, puzzles, games and horse races at thirty per cent, with definitions extending &quot;contract&quot;, &quot;broadcasting and telecasting&quot; and &quot;service contract&quot; accordingly.</description>
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      <pubDate>Thu, 20 Aug 2009 15:28:28 +0530</pubDate>
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