US APPAREL & TEXTILE PRIVA

WITHOLDING TAX RATES APPLIC

S. NO.

2
4
11
17
19

Description of Expense

Clearing and Forwarding Agents Fee

Port and Other Handling Charges Invoice
Repair and Maintenance Services Contracts
Fee for Membership etc. subject to exemption by tax authorities.
Consultancy Fee / Audit Fee

Section

153 (1) (b)

153 (1) (b)
153 (1) (b)
153 (1) (b)
153 (1) (b)

PRIVATE LIMITED

S APPLICABLE W.E.F 01-07-15

WHT Rate

Companies

Normal
Rate /
Non-Filer Special Rate

Others

Filer

Non-Filer

Filer

8%
8%
8%
8%
8%

12%
12%
12%
12%
12%

10%
10%
10%
10%
10%

15%
15%
15%
15%
15%

Normal Rate
Normal Rate
Normal Rate
Normal Rate
Normal Rate

SR #
9
10
22
23
27

Action Point

AP Accrual Performance Issues

Inventory Period End Closings
Communication to PD to restrict Selection of Accessories Items in the BOM for all sizes / affiliates for R
Finalization of Excess % & rounding for all Units
New WHT codes incorporation in ERP

Responsibility
MS / HM / TF
TF
TF
TF
TF

Timelines
Inventory
Inventory
Done
Done

US APPAREL & TEXTILE PRIVATE LIMITED

WITHOLDING TAX RATES APPLICABLE W.E.F 01-07-1

S. NO.

Description of Expense

Section

1
2
3
4
5

Freight charges paid to Goods Transport companies

Clearing and Forwarding Agents Fee
Ocean Freight and Air Freight
Port and Other Handling Charges Invoice
Port and Other Handling Actual Expenses Paid

Fabric Purchases

Accessory Purchases

8
9

11
12
13
14
15

Spare Parts Purchases

153 (1) (a)
General Store Items
153 (1) (a)
Services of Stitching,Dying,Printing, Embroidery,Washing, Sizing, and
153 (1A)
Weaving
Repair and Maintenance Services Contracts
153 (1) (b)
Rent Expense
155
Dividend Payment
150
Commission Export and Local
233 (1)
Salary Expense
149 (1)

16

Fee for Membership etc. subject to exemption by tax authorities.

153 (1) (b)

17
18
19
20
21
22

Subscription for News papers, Magzines.

Consultancy Fee / Audit Fee
Contractors Fee
Machinery Purchases
Additions to Building
Computers and Accessory

153 (1) (a)

153 (1) (b)
153 (1) (c)
153 (1) (a)
153 (1) (a)
153 (1) (a)

10

153 (1) (b)

153 (1) (b)
SRO
153 (1) (b)
SRO
Clause 45, Part
IV, 2nd Schedule

WHT Rate

Nil
Nil
Nil
Nil

Slab Rate

Slab Rate

Note: Tax must be deducted on all items above Rs. 25,000 for supplies and Rs. 10,000 in case of services in a financial year.

TED

E.F 01-07-14
Companies

Others

2%
8%

2%
10%

8%

10%

nancial year.

Normal Rate /
Special Rate
Special Rate
Normal Rate
Special Rate
Normal Rate
Special Rate
Special Rate
Special Rate

4.00%
4.00%

4.50%
4.50%

Normal Rate
Normal Rate

1.00%

1.00%

Special Rate

8%

10%

10%
12%

12%

Normal Rate
Normal Rate
Normal Rate
Normal Rate
Normal Rate

8%

10%

Normal Rate

4.00%
8%
7%
4.00%
4.00%
4.00%

4.50%
10%
7.5%
4.50%
4.50%
4.50%

Normal Rate
Normal Rate
Normal Rate
Normal Rate
Normal Rate
Normal Rate