https://www.taxtmi.com/news?id=1235 Proposed TDS rates under a consolidated code set category-based withholding for resident deductees: salary at average annual tax rate; most contracts and services at 2% (with road goods carriage exempt if PAN furnished); routine receipts such as interest, dividends, commissions, professional fees, royalties and compensation at 10%; machinery rent at 2% and land/building rent at 10%; gambling and race winnings at 30%. New TDS introduced on mutual fund distributions and non-tax-exempt life-insurer payments with lower rates for individuals/HUFs and a small-payment threshold exemption. en-us Tue, 31 Aug 2010 09:59:39 +0530 Tue, 31 Aug 2010 09:59:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1235 Proposed TDS rates under a consolidated code set category-based withholding for resident deductees: salary at average annual tax rate; most contracts and services at 2% (with road goods carriage exempt if PAN furnished); routine receipts such as interest, dividends, commissions, professional fees, royalties and compensation at 10%; machinery rent at 2% and land/building rent at 10%; gambling and race winnings at 30%. New TDS introduced on mutual fund distributions and non-tax-exempt life-insurer payments with lower rates for individuals/HUFs and a small-payment threshold exemption. News - Tue, 31 Aug 2010 09:59:39 +0530 https://www.taxtmi.com/news?id=1235