Friends, In budget 2012, the following changes have been done in TDS/TCS sections.
Section | Provision | Changes |
193 | Interest on Debentures | Limit increased from Rs. 2500/- to Rs. 5000/- |
194E | Payments to non-resident sportsmen, sports associations, entertainer | Rate increased to 20% from 10% |
194J | Fees for Professional or Technical Services | Directors Remuneration Covered |
194LA | Compensation on acquisition of immovable property | Limit increased to 2 Lacs |
194LLA | Transfer of immovable property other than agriculture land | Rate= 1% Limit:- Less than 50 lacs/25 lacs for specified/non specified area |