February 27, 2013

CA-CS-ICWA-TAX PROFESSIONALS-PORTAL-TDS SECTIONS / TDS PAYMENT CODES / TCS COLLECTION CODES LATEST AMENDED

UNIVERSAL KNOWLEDGE HUB

NOTIFICATION NO. 11 DT . 19/02/2013

NEW SECTIONS APPLICABLE FROM 1 JUNE 2013

SEC 194 IA       Payment/credit of consideration to a resident transferor for transfer of any immovable property  (other than rural agricultural land

SEC  194LD      Interest on a rupee denominated bond of an Indian company or Government security  

OLD SECTIONS

TDS PAYMENT CODES


Section   Nature of Payment  PAYMENT CODE
192        Payment to Government employees other than Union Government employees  92A
192        Payment to employees other than Government employees  92B
192        Payment to Union Government employees       92C  
193 Interest on securities 193
194 Dividend                194
194A Interest other than interest on securities   94A
194B      Winnings from lotteries and crossword puzzles                           94B
194BB                                                                Winnings from horse race                                                                                    4BB
194C     Payment of contractors and sub-contractors                       94C
194D        Insurance Commission        94D
194EE     Payments in respect of deposits under National Savings Schemes  4EE
194F        Payments on account of re-purchase of Units by Mutual Funds or UTI    94F
194G    Commission, prize etc., on sale of lottery tickets       94G
194H      Commission or Brokerage              94H
194I         194I (a)   Rent              4IA 
194I 194I (b)   Rent  4IB
194J   
Fees for Professional or Technical Services / Royalty (Including Sec 194J (1)(ba) (Any remuneration or fees or commission by whatever name called, other than those on which tax is deductible under section 192, to a director of a company Note - no threshold limit of 30000 under this sub section )
 94J
194LA   Payment of Compensation on acquisition of certain immovable property 4LA
 194E      Payments to non-resident Sportsmen/Sport Associations 94E
194LB   Income by way of interest from infrastructure debt fund (non resident)  4LB
194LC   Income by way of interest from Indian company  4LC
195                                                           Other sums payable to a non-resident        195
196A       Income in respect of units of Non-Residents  96A
196B      Payments in respect of Units to an Offshore Fund   96B
196C   Income from foreign Currency Bonds/shares of Indian Co payable to Non-Resident   96C

196D       Income of foreign institutional investors from  securities 96D



                                                      TCS   COLLECTION  CODES





Section                                 Nature of collection                                                                                                   Collection  Code

206C        Collection at source from alcoholic liquor for human consumption                                                       6 CA
206C        Collection at source from timber obtained under forest lease                                                                   6 CB
206C         Collection at source from timber obtained by any mode other than a forest  lease                              6 CC
206C         Collection at source from any other forest produce (not being tendu leaves)                                       6 CD
206C         Collection at source from scrap                                                                                                                      6 CE
206C         Collection at source from contractors or licensee or lease relating to parking lots                              6 CF
206C         Collection at source from contractors or licensee or lease relating to toll plaza                                   6 CG
206C         Collection at source from contractors or licensee or lease relating to mine or quarry                         6 CH
206C         Collection at source from tendu leaves                                                                                                         6 CI
206C         Collection at source on sale of minerals, being coal or lignite or irone ore                                           6 C J
206C         Collection at source on cash sale of bullion and jewellery                                                                     6 C K

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