The TDS rate for professional or technical services is 10% (20% if no valid PAN). Due to the spread of COVID-19 in the country, the Indian government announced on May 13, 2020 an aid plan called “Atma Nirbhar Relief Package”. In this package, one of the points concerned the reduction of TDS rates for different types of payments. The benefit advertised in the Atma Nirbhar package applies only to resident Indians. `rent` means any payment made under a lease, sublease, lease or other contract or agreement relating to the use of land or a building (including factory buildings), as well as plant, machinery or equipment, furniture, equipment, whether or not that building is the property of the beneficiary; Prepayment of rent is also subject to TDS. The information contained on the site (and, where applicable, opinions) may come from public sources considered reliable and many factors may influence the information provided that has been taken into account or not. Therefore, the information provided may differ (significantly) from information from other sources or market participants. Any reference to past performance in the information should not be taken as an indication of future performance. The information depends on different assumptions, individual preferences and other factors, so the results or analyses cannot be interpreted as entirely correct and may not be suitable for all categories of users. So don`t rely solely on them to make investment decisions. Your investment or financing decision is always at your own discretion and is based on your independent research; abcl / ABC Companies or any of its collaborators / agents would not be included in the website or in any information, so that they are involved in any way in your decision-making process.

Any information and comments provided on the Website do not constitute an endorsement or offering of shares or investment advice. * The TDS rate is increased by the current supplement and the health and education tax. Please note that the amended tariffs have been indicated on the basis of the GDP Communication of 13.05.2020 and no notification has been communicated by the CBDT at the time of publication of this contribution. . . .