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Share Holders Agreement

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					                                                                   Action Plan for Compliances with Stock

Sr.                    Submission                              June                          Sept.
                                                      Due dates     Filed on        Due dates
 1    Submission of Share Holding Pattern             7/21/2009     7/8/2009        10/21/2009
 2    Submission of Corpo. Governance Report          7/15/2009     7/8/2009        10/15/2009
 3    Secretarial Audit Certificate by PCS            7/15/2009    7/17/2009        10/15/2009
 4    Intimation of Board meeting for Qtr Result      7/22/2009    7/23/2009        10/22/2009
 5    Issue of press Release of Board Meeting         7/22/2009    7/24/2009        10/22/2009
 6    Announcement of Qtrly Result                    7/30/2009                     10/30/2009
      (Within 15 minutes of Board meeting)
 7    Publication of Quarterly Result                  8/2/2009                     11/2/2009
      (Within 48 hours of Closure of Board Meeting
 8    Three Copies of Qtrly Result signed by M.D.      8/1/2009                     11/1/2009
 9    Limited Review Certificate from Auditor         8/31/2009                     11/30/2009
10    Half yearly Compliace Certificate by PCS           N.A.                       10/30/2009
11    Payment of Annual Listing Fees                     N.A.                          N.A.
12    Disclosure of Share holding of person holding      N.A.                          N.A.
      15% or more Voting Right
13    Disclosure of Share holding from Director/         N.A.                          N.A.
      Share holders




Note :For the last Quarter, company has an option to submit unaudited financial results for the quarter within
   end of F.Y. (OR) submit audited financial results for enitre F.Y within 3 months of end of F.Y. with Audit Re
   If company opts to submit audited financial result, it shall intimate Stock Exchange in writing within 1 mon
   F.Y. about such exercise of option.
Compliances with Stock Exchange

         Sept.                      Dec                    March                ACT
              Filed on     Due dates    Filed on   Due dates    Filed on
                           1/21/2010               4/21/2010                Clause 35 (LA)
                           1/15/2010               4/15/2010                Clause 49 (LA)
                           1/15/2010               4/15/2010               Clause 55A (DP)
                           1/22/2010               4/22/2010                Clause 41 (LA)
                           1/22/2010               4/22/2010                Clause 41 (LA)
                           1/30/2010               4/30/2010                Clause 41 (LA)

                            2/2/2010               5/2/2010                Clause 41 (LA)

                             2/1/2010               5/1/2010               Clause   41 (LA)
                            2/28/2010              5/31/2010               Clause   41 (LA)
                               N.A.                4/30/2010               Clause   47 (LA)
                               N.A.                4/30/2010               Clause   38 (LA)
                               N.A.                4/30/2010                 8(3)   SAST

                               N.A.                5/5/2010                13(3) & (6) PIT




ults for the quarter within 1 month from
 end of F.Y. with Audit Report.
ge in writing within 1 month of end of
Sl.   Particulars                     Rules/ Section/ Compliance Due                         Quarterly Results                  To whom
No.                                   Clause          date                                                                      submitted

                                                                              ending on  ending on    ending on    ending on
                                                                              30.06.2008 30.09.2008   31.12.2008   31.03.2009
  1 Issue of certificate for          Clause 3 (c )    1 month from                                                             to investor
    transfer                                           lodgement
  2 Closure of Transfer Book          Clause 16/ 21    21 days in advance                                                       SE
    (Dividend, Right, Bonus,
    Conversion)
  3 Publication of notice of          Clause 16/ 21    21 days in                                                               News paper
    book closure                                       advance
  4 Sending of notice of book                          21 days in advance                                                       All
    closure                                                                                                                     recognised
                                                                                                                                SE
  5 Intimation of BM for buy          Clause 19 (a)    7 days in advance                                                        SE
    back, rights & conversion
  6 Transfer Book closure for         Clause 19 (a)    5 days before book                                                       SE
    dividend/ cash bonus                               closure date
  7 Recoomendation of dividend/       Clause 20        within 15 minutes of                                                     SE
    cash bonus/ buy back/                              closure of BM
    quarterly results
  8 Capital increase / issue of       Clause 22        within 15 minutes of                                                     SE
    forfieted shares/ alteration of                    closure of BM
    capital
  9 Change in form/ nature of         Clause 28        21 days notice in                                                        SE
    securities                                         advance
 10 Change in BOD/ Auditors           Clause 30        within 30 days                                                           SE
 11 Six copies of Annual              Clause 31 (a)    within 30 days                                                           SE
    Report
 12 One copy of Annual Report         Clause 31 (c )   within 30 days                                                           All
                                                                                                                                recognised
                                                                                                                                SE
 13 Proceedings of AGM/EGM            Clause 31 (c )   within 30 days                                                           SE
 14 Copy of Annual Report             Clause 32        25 days prior to the                                                     to each
                                                       meeting                                                                  share
                                                                                                                                holders
 15 Consolidated Financial            Clause 32        25 days prior to the                                                     SE
    Statement                                          meeting
 16 Shareholding Pattern              Clause 35        within 21 dasy of    21.07.2008   21.10.2008   21.01.2009   21.04.2009   SE
                                                       each quarter
17 Strike, Lock outs, Closure      Clause 36          immediately                                                                SE
18 Payment of Annual Listing       Clause 38          before 30th April                                             30.04.2008   SE
   Fees
19 Intimation of BM for            Clause 41          7 days in advance of   22.07.2008   22.10.2008   22.01.2009   22.04.2009   SE
   quarterly results                                  each BM
20 Issue of press release for BM   Clause 41          7 days in advance of   22.07.2008   22.10.2008   22.01.2009   22.04.2009   two news
                                                      each BM                                                                    papers
21 Announcement of quarterly       Clause 41          within 15 minutes of   30.07.2008   30.10.2008   31.01.2009   30.04.2009   fax/ scan/
   results                                            closure of BM                                                              email
22 Newspaper publication of        Clause 41          within 48 hours of     02.08.2008   02.11.2008   02.02.2009   02.05.2009   two news
   quarterly results                                  closure of BM                                                              papers
23 3 copies of quarterly results   Clause 41          immediatelly           01.08.2008   01.11.2008   01.02.2009   01.05.2009   SE
   signed by MD
24 Limited Review/ certificate     Clause 41          within 60 days of      31.08.2008   30.11.2008   28.02.2009   30.05.2009   SE
   from Auditor                                       each quarter
25 Utilization of funds            Clause 43          within 30 days of      30.07.2008   30.10.2008   30.01.2009   30.04.2009   SE
                                                      each quarter
26 Half yearly Compliance          Clause 47          within 1 month of      NIL          30.10.2008   NIL          31.03.2009   SE
   certificate from PCS                               each half year
27 Submission of Half yearly       Clause 47          within 24 hours of     NIL          01.11.2008   NIL          01.04.2009   SE
   Compliance certificate from                        receipt from PCS
   PCS
28 Corporate Goveranance           Clause 49          within 15 days from 15.07.2008      15.10.2008   15.01.2009   15.04.2009   SE
   Report                                             end of each quarter

29 Secretarial Audit Cerficate     Clause 55A         within 15 days from 15.07.2008      15.10.2008   15.01.2009   15.04.2009   SE
   from PCS                                           end of each quarter

30 Share holdings of persons       Regulation 8 (3)   within 30 days from NIL             NIL          NIL          30.04.2009   SE
   holding >15% voting rights                         end of Financial year


31 Certificate of                  Regulation 54 (5) within 7 days from 07.07.2008        07.10.2008   07.01.2009   07.04.2009   SE,
   transfer/remat/demat                              end of each quarter                                                         NSDL/CDSL

32 annual disclosure of         Regulation 13 (3) within 30 days from NIL                 NIL          NIL          30.04.2009   Compliance
   shareholding from directors/                   end of Financial year                                                          officer
   shareholders
33 Disclosure to SE             Regulation 13 (6) within 5 days from NIL                  NIL          NIL          05.05.2009   SE
                                                  receipt of
                                                  information
34 Disclosure of change in   Regulation 13 (1- within 4 days from   to the
   holding                   2-4)              change               Company

35 Disclosure to SE                            within 5 days from   SE
                                               receipt of
                                               information
                                                                            Quarterly Requirments
Sl. No.     Particulars                            Rules/      Compliance Due                        Quarterly Results                   To whom      Law             Autho
                                                   Section/    date                                                                      submitted                    signatory
                                                   Clause
                                                                                     ending on ending on   ending on  ending on
                                                                                     30.06.2009 30.09.2009 31.12.2009 31.03.2010

          1 Shareholding Pattern                   Clause 35   within 21 days of     21.07.2009   21.10.2009   21.01.2010   21.04.2010   SE           Listing         Director/Com
                                                               each quarter                                                                           Agreement       pliance
                                                                                                                                                                      Officer
          2 Intimation of BM for quarterly         Clause 41   7 days in advance of 22.07.2009    22.10.2009   22.01.2010   22.04.2010   SE           Listing         Director/Com
            results                                            each BM                                                                                Agreement       pliance
                                                                                                                                                                      Officer
          3 Issue of press release for BM          Clause 41   7 days in advance of 22.07.2009    22.10.2009   22.01.2010   22.04.2010   two news     Listing
                                                               each BM                                                                   papers       Agreement
          4 Announcement of quarterly results      Clause 41   within 15 minutes of 30.07.2009    30.10.2009   31.01.2010   30.04.2010   fax/ scan/   Listing         Director/Com
                                                               closure of BM                                                             email        Agreement       pliance
                                                                                                                                                                      Officer
          5 Newspaper publication of quarterly     Clause 41   within 48 hours of    02.08.2009   02.11.2009   02.02.2010   02.05.2010   two news     Listing
            results                                            closure of BM                                                             papers       Agreement
          6 3 copies of quarterly results signed   Clause 41   immediatelly          01.08.2009   01.11.2009   01.02.2010   01.05.2010   SE           Listing         M.D.
            by MD                                                                                                                                     Agreement
          7 Limited Review/ certificate from       Clause 41   within 60 days of   31.08.2009     30.11.2009   28.02.2010   30.05.2010   SE           Listing         Auditor
            Auditor                                            each quarter                                                                           Agreement
          8 Corporate Goveranance Report           Clause 49   within 15 days from 15.07.2009     15.10.2009   15.01.2010   15.04.2010   SE           Listing         Director
                                                               end of each quarter                                                                    Agreement

          9 Secretarial Audit Cerficate from PCS Clause 55A within 15 days from 15.07.2009        15.10.2009   15.01.2010   15.04.2010   SE           SEBI            PCS
                                                            end of each quarter                                                                       (Depository
                                                                                                                                                      Partivcipent)
                                                                                                                                                      Regulation,
                                                                                                                                                      1996
      10 Certificate of transfer/remat/demat Regulation        within 7 days from    07.07.2009   07.10.2009   07.01.2010   07.04.2010   SE,          SEBI            RTA
                                             54 (5)            end of each quarter                                                       NSDL/CDSL    (Depository
                                                                                                                                                      Partivcipent)
                                                                                                                                                      Regulation,
                                                                                                                                                      1996

      11 Utilization of funds                      Clause 43   within 30 days of     30.07.2009   30.10.2009   30.01.2010   30.04.2010   SE           Listing
                                                               each quarter                                                                           Agreement
                 QRTR I        QRTR II   QRTR III   QRTR IV



                    done


                 on 23-07-09

                 on24-07-09




                    done




                 on 17-07-09
Submited by
company but
normaly
directly filed
by RTA at
NSDL/CDSL
                                                               Halfyearly Requirments
Sl. No.     Particulars                   Rules/      Compliance                       Quarterly Results
                                          Section/    Due date
                                          Clause
                                                                      ending on  ending on
                                                                      30.06.2009 30.09.2009
          1 Half yearly Compliance        Clause 47   within 1        NIL        30.10.2009
            certificate from PCS                      month of each
                                                      half year

          2 Submission of Half yearly     Clause 47   within 24       NIL        NIL
            Compliance certificate from               hours of
            PCS                                       receipt from
                                                      PCS
uirments
Quarterly Results                To whom     Law         Autho
                                 submitted               signator
                                                         y
        ending on  ending on
        31.12.2009 31.03.2010
        NIL        30.04.2010 SE             Listing     PCS
                                             Agreement


        NIL         01.04.2009   SE          Listing     PCS
                                             Agreement
                                                                       yearly Requirments
Sl. No.     Particulars                  Rules/ Section/ Compliance               Quarterly Results
                                         Clause          Due date

          1 Share holdings of persons    Regulation 8 (3)   within 30 days NIL   NIL
            holding >15% voting rights                      from end of
                                                            Financial year




          2 annual disclosure of         Regulation 13 (3) within 30 days NIL    NIL
            shareholding from directors/                   from end of
            shareholders                                   Financial year


          3 Disclosure to SE             Regulation 13 (6) within 5 days   NIL   NIL
                                                           from receipt of
                                                           information


          4 Disclosure of change in      Regulation 13 (1- within 4 days
            holding                      2-4)              from change



          5 Disclosure to SE                                within 5 days
                                                            from receipt of
                                                            information


          6 Payment of Annual Listing    Clause 38          before 30th
            Fees                                            April
equirments
  Quarterly Results          To whom          Law              Autho
                             submitted                         signatory

         NIL      30.04.2010 SE               SEBI
                                              (Substantial
                                              Acquisition of
                                              Shares &
                                              Takeover)
                                              Regulations,
                                              1996
         NIL      30.04.2010 Compliance       SEBI (Prohibition
                             officer          of Insider
                                              Trading )
                                              Regulations,
                                              1992
         NIL      05.05.2010 SE               SEBI (Prohibition Director/Compli
                                              of Insider        ance Officer
                                              Trading )
                                              Regulations,
                                              1992
                             to the Company   SEBI (Prohibition
                                              of Insider
                                              Trading )
                                              Regulations,
                                              1992
                             SE               SEBI (Prohibition
                                              of Insider
                                              Trading )
                                              Regulations,
                                              1992
                  30.04.2010 SE               Listing
                                              Agreement
Sl. No.    Particulars                Rules/     Compliance Due date
                                      Section/
                                      Clause



          1 Monthaly payment of TDS              7 th of next month
          2 Quarterly return of TDS
                            Return Realted to TDS & VAT
                 Quarterly Results                 To whom submitted       Law


ending on    ending on    ending on  ending on
30.06.2009   30.09.2009   31.12.2009 31.03.2010

                                                    Bank through Challan   I.T
15.07.2009   15.10.2009   15.01.2010   15.06.2010   Income Tax             I.T
Autho
signatory




            salary & other than salary : form 24Q, 26Q
BOD           Payament to Non Resident/ NORs: Form 27Q
                                                    Due date chart for payment of tax under
                                                  the Maharashtra Value Added Tax Act, 2002


          For monthly payment           For quarterly payment
        Month        Due date Tax >   Quarter    Due date Tax >
                       1000000 or                   100000 &
                     Refund>1 crore                <1000000 or
                                                Refund >1000000
                                                    or < 1crore

April              21st May             April
May                21st June             to            21st July
June               21st July            June
July               21st August          July
August             21st September        to           21st October
September          21st October       September
October            21st November       October

November           21st December         to           21st January

December           21st January       December
January            21st February       January

February           31st March            to            21st April
March              21st April           March
e chart for payment of tax under
ashtra Value Added Tax Act, 2002


                 For half-yearly payment
           Half year Tax <100000     Due date
           or refund<1000000 or
           for retailers who have
           opted for Composition
              scheme or Newly
             registered dealers.


                    April             21st
                     to              October
                 September




                  October             21st

                     to               April
                   March
Payment of Service Tax

By Individuals, Proprietary Concerns and Partnership Firms

Payable on Amounts received during the quarter                        Payable on
1-Apr to 30-Jun                                                                 5-Jul
1-Jul to 30-Sep                                                                5-Oct
1-Oct to 31-Dec                                                                5-Jan
1-Jan to 31-Mar                                                               31-Mar

Payment of Service Tax

By persons other than Individuals, Proprietary Concerns and Partnership Firms

Amount Received during                                                Payable on
April                                                                          5-May
May                                                                             5-Jun
June                                                                             5-Jul
July                                                                           5-Aug
August                                                                         5-Sep
September                                                                       5-Oct
October                                                                        5-Nov
November                                                                       5-Dec
December                                                                        5-Jan
January                                                                        5-Feb
February                                                                       5-Mar
March                                                                         31-Mar

                         If Service Tax paid electornically through
                  Note : internet banking, the due date for
                         shall be 6th of month following
                         month/Quarter except for the
                         month/Quarter ended on March.


Return of Service Tax

For Half Year
1-Apr to 30-Sep                                                                25-Oct
1-Oct to 31-Mar                                                                25-Apr
 A. No Tax is to be deducted from any sums payable to:—

  1. The Government

  2. Reserve Bank of India

  3. The Corporation established by or under a Central Act which is exempt from Income Tax by virtue of any law


  4. A mutual fund specified under section 10(23D)

 B. Tax is to be deducted in the following cases at the time of payment:—

 Sect.   Relevant Rules       Nature of          Payer     Payee
                              Payment




192      21A, 21AA, 26A, Salary                Any person Any
         26B                                              person


                          Deduct if tax is
                          payable on Salary
                          income after


                          a. Specified
                          exemption u/s.10.

                          b. Loss under
                          "Income from
                          house property"
                          c. Deduction u/ss.
                          80C, 80CCD
                          80CCC, 80D,
                          80DD, 80DDB
                          80E, 80G
                          (specified), 80GG,
                          80U and
[As per section
192(1A), the
employer has an
option not to
deduct tax at
source on non-
monetary
perquisites
provided to
employees and
pay the said tax
himself)
193   Interest on        Any person Any
      Securities Deduct             Resident
      in cases other                person
      than where
      amount of interest
      is payable


      a. by widely held
      company on
      debentures to
      individual does
      not exceed Rs.
      2500/-.,




      b. to LIC/GIC and
      other insurance
      companies.

      c. Interest on
      Central/State
      Government
      security.




      d. on specified
      securities.
194A   Interest (other       Any person Any
       than interest on      other than Resident
       Securities) Deduct    individuals
       in cases other        and HUF
       than where            who are
       amount of interest    not subject
       payable does not      to tax audit
       exceed Rs. 5000       in the
       up to 30th May,       preceding
       2007 and from 1st     financial
       June, 2007:-          year.




        a. ten thousand
        rupees, where
        the payer is a
        banking
        company to
        which the
        Banking
        Regulation Act,
        1949 applies

        b. ten thousand
        rupees, where
        the payer is a co-
        operative
        society engaged
        in carrying on
        the business of
        banking


        c. ten thousand
        rupees on any
        deposit with
        post office under
        any scheme
        framed by the
        Central
        Government and
        notified by it in
        this behalf; and


        d. five thousand
        in any other
        cases


194B   Winnings from     Any person Any
       lottery and                  person
       crossword puzzles
       including card
       game or other
       game or other
       game of any sort
       Deduct if amount
       exceeds Rs.
       5,000/- (For
       winnings in kind
194B      Winnings from     Any person Any
          lottery and                  person
          crossword puzzles
          including card
          game or other
          game or other
          game of any sort
          Deduct if amount
          exceeds Rs.
          5,000/- (For
          winnings in kind
          see proviso)
194BB     Winnings from        Any person Any
          horse races                     person
          Deduct if amount
          exceeds Rs.
          2,500/-




194C(1)   Payment to           Central or    Any
          Resident             State Govt.   resident
          Contractors          or Local      person
          Deduct if sum        Authority     who is a
          exceeds Rs.          or            contracto
          20,000/- or          Corporation   r of the
          aggregate amt.       or            payer
          for the financial    Company
          year exceeds Rs.     or Co-op.
          50,000/-             Society Any
                               Authority
                               for housing
                               accommo-
                               dation etc.
                               Any Society
                               or Trust or
                               University
                               firm




194C(2)   Payment to           Contractors Any
          resident sub-        referred    Resident
          contractor Deduct    above and Person
          if sum exceeds       Individual
          Rs. 20,000/- or      and HUF
          total amount for     subject to
          the financial year   Tax Audit
          exceeds Rs.          in the
          50,000/-             preceding
                               financial
                               year. This
                               shall not
                               apply in
                               respect of
                               payments
        resident sub-      referred   Resident
        contractor Deduct  above and Person
        if sum exceeds     Individual
        Rs. 20,000/- or    and HUF
        total amount for   subject to
        the financial year Tax Audit
        exceeds Rs.        in the
        50,000/-           preceding
                           financial
                           year. This
                           shall not
                           apply in
                           respect of
194D    Insurance          payments Any
                           Any Person
        Commission to                 Resident
        Resident Deduct if            Person
        amount exceeds
        Rs. 5000




194E    Payments to Non- Any Person Non-
        resident                    Resident
        sportsmen/sports
        association No
        exemption



194EE   Payments of          Any Person Any
        deposits under                  Person
        NSS covered u/s.
        80CCA(2)(a)
        Deduct if amount
        exceeds Rs.
        2,500/-

194G    Commission/Rem Any Person Any
        uneration on sale         Person
        of lottery tickets
        to any person
        Deduct if amount
        exceeds Rs. 1,000




194H    Commission or     Same as in Any
        Brokerage Deduct Sec. 194A Person
        if amount exceeds above
        Rs. 2500 p.a.


         a. Rate raised
         from 5% to
         10% w.e.f. 1-6-
         2007
                               b. Not applicable
                               on any
                               commission or
                               brokerage
                               payable by
                               BSNL or MTNL
                               to their PCO
                               franchisees"




194-I                        Rent paid to any Same as in Any
                             person resident    Sec. 194A Person
                             for land, building above
                             or building along
                             with furniture and
                             fittings Deduct if
                             amount exceeds
                             Rs. 120,000 p.a.
                             w.e.f 1-6-2007 @
                             10% for use of
                             any machinery or
                             plant or
                             equipment;
                             (Service Tax shall
                             be excluded while
                             deducting tax




Rent definition up to 13-7-2006
"Rent’ means any payments, by whatever name called, under any lease, sub lease, tenancy or any other agreeme
whether or not such building is owned by the payee".

Rent definition from 13-7-2006
" Rent" means any payment, by whatever name called, under any lease, sub-lease, tenancy or any other agreeme
(i) Land; or (ii) building; or (iii) land appurtenent thereto a building (including factory building); or (iv) machinery;
even rentals of movable assets would be covered u/s. 194-I
194J                           Fees for            Same as in Any
                               professional        Section      Person
                               services or         194A above
                               technical services
                               Deduct if amount
                               exceeds Rs.
                               20000 p.a. For
                               Individuals and
                               HUF on fees paid
                               exclusively for
                               personal purpose
                               are exempt Rate
                               raised from 5% to
                               10% w.e.f. 1-6-
                               2007
                           exceeds Rs.
                           20000 p.a. For
                           Individuals and
                           HUF on fees paid
                           exclusively for
                           personal purpose
                           are exempt Rate
                           raised from 5% to
                           10% w.e.f. 1-6-
                           2007
194LA                      Payments of        Any Person Any
                           Compensation on               resident
                           acquisition of                person
                           certain immovable
                           property Deduct if
                           amount exceeds
                           Rs.1,00,000 p.a.

195      Rules 29B         Interest or other Any Person Non-
                           sums not being               Resident
                           income                       not being
                           chargeable under             a
                           the head                     Company
                           "Salaries" Deduct            or to a
                           in cases other               foreign
                           than Dividend                Company
                           u/s.115-O




Notes:

 1. Any person deducting any sum on or after April 1, 2005 shall furnish quarterly statements in Form No. 24Q an
 January 15 and June 15 respectively.


 2. No TDS would be required to be deducted on payments made to individual, sub-contractors during the course


   a. The sub-contractor owns not more than two goods carriages at any time during the financial year and


   b. The sub-contractor furnishes a prescribed declaration to the payer in Form No. 15I.

 3. With effect from 1/04/2008, section 195 is amended to include the person responsible for deduction of Income
 by the board. Till date the Board has not notified the same.
                                                                    TDS Chart
ble to:—




ntral Act which is exempt from Income Tax by virtue of any law.


D)

the time of payment:—

                                                                  Rates of Deduction




                  1/12th of tax payable



                  calculated in the manner



                  specified in column 3
                  and following the rates


                  given below


                  Where the total income for
                  an Individual




                  < Rs. 1,10,000
> Rs. 1,10,000




< Rs. 1,50,000



> Rs. 1,50,000
< Rs. 2,50,000

> Rs. 2,50,000

Where the total income in
case of women
< Rs. 1,45,000
> Rs. 1,45,000
< Rs. 1,50,000
> Rs. 1,50,000
< Rs. 2,50,000
> Rs. 2,50,000

Where the total income in
case of senior citizen
< Rs. 1,95,000
> Rs. 1,95,000
< Rs. 2,50,000

> Rs. 2,50,000


If the total income
exceeds Rs. 10,00,000,
10% surcharge is leviable
on the tax as calculated
above.

Additional 2% educational
cess is leviable on the
tax plus surcharge

Additional 1% secondary
and higher educational
cess is leviable on the
tax plus surcharge
Company Payment




above Rs. 1 crore
Individuals/ HUF/BOI with
payment above
Rs.10,00,000




Other individuals/ HUF/ Co-
op. Soc./Local
authority/BOI

Other company




Firms payment up to Rs. 1
crore
Other
Company Payment above
Rs. 1 crore




Individual/HUF/BOI with
payment above
Rs.10,00,000
Other individuals/
HUF/BOI




Other company Firms
payment




exceeding Rs. 1 crore




Other Firms/Co-op. Soc./



Local authority
Individual/HUF/
BOI with payment above
Rs.10,00,000


Other individuals/Co-op.
Soc./Local authority/
HUF/BOI
Other Company/Firms
Payment above Rs. 1 crore

Company/Firms
Non domestic Co.
Individuals/HUF/BOI
with payment above



Rs.10,00,000
Other individuals/
HUF/Co-op. Soc./
Local Authority/BOI
Other company/Firms
Payment above
Rs. 1 crore
Company/Firm
Non domestic Co.
1. Advertising
Contracts :-



Individuals/HUF/BOI
with payment above
Rs.10,00,000
Other individuals/
HUF/BOI/Co-op.
Company/Firms
Other Company/Firms
2. Other Contracts :
Individuals/HUF/BOI
with payment above
Rs. 10,00,000
Other individuals/
Co-op. Soc. HUF/BOI
Company/Firms
payment exceeding
Rs. 1 crore
Other Company/Firms
Individual/HUF/BOI


with payment above



Rs.10,00,000/-
Other individuals/HUF/
BOI/Co-op. Society
Company/Firms/
Soc. etc.
Payment exceeding
Rs. 1 crore
Other Company/Firms
Company
Payment exceeding
Rs. 1 crore
Other Company
Individuals/HUF/BOI
with payment above
Rs.10,00,000
Other individuals/
HUF/BOI
Payment up to 1 crore
Other Firms
Individual
with payment
above
Rs. 10,00,000 or
payment exceeding
Rs. 1 crore
Other individual/AOP/
BOI/Firm etc.
Individuals/HUF with
payment above



Rs. 10,00,000
Other individual/HUF
etc.
Individuals/HUF/BOI
with payment above
Rs.10,00,000
Other Individuals/
HUF/BOI Co-op. Soc.
Company/Firms
Payments exceeding
Rs. 1 crore
Other Company/
Firms/
Co-op. Soc.
Individual/HUF/BOI




with payment above
Rs. 10,00,000
                     Other individuals/




                     HUF/BOI Co-op. Soc.
                     Company/Firms etc.
                     Payment exceeding
                     Rs. 1 crore
                     Other Co./Firms
                     Rent for plant,
                     machinery
                     equipments
                     Individual
                     payment
                     Firms/Co.
                     payment
                     up to 1 crore
                     Others
                     Individual/HUF
                     with
                     payment above
                     Rs. 10,00,000
                     Other individuals/
                     HUF
                     Co./Firm/AOP/BOI
                     with
                     payment above
                     Rs. 10,00,000
                     Other
                     AOP/BOI/Co./
                     Firms/Soc.

led, under any lease, sub lease, tenancy or any other agreement or arrangement for the use of any land or any building (including fac
".


 led, under any lease, sub-lease, tenancy or any other agreement or arrangement for the use of (either separately or together) any, —
hereto a building (including factory building); or (iv) machinery; or (v) plant; or (vi) equipment; or (vii) furniture; or (viii) fittings, wh
/s. 194-I
                     Individuals/HUF/BOI




                     with payment above
                     Rs.10,00,000
                     Other Individuals/
                     HUF/BOI/Soc.
                     Payments to Co./Firms
                     above Rs. 1 crore
                   Others


                   Individuals/HUF/BOI


                   with payment above
                   Rs.10,00,000
                   Other individuals/HUF
                   Payment to Co./Firms
                   above Rs. 1 crore
                   Others




l 1, 2005 shall furnish quarterly statements in Form No. 24Q and Form No. 26Q for the period ending on June 30, September 30, Dec



ayments made to individual, sub-contractors during the course of business of plying, hiring or leasing of goods carriages provided.


goods carriages at any time during the financial year and


claration to the payer in Form No. 15I.

ended to include the person responsible for deduction of Income Tax to furnish the information relating to payment of any sum to the
the same.
                                        TDS Chart




om Income Tax by virtue of any law.




                                      Rates of Deduction




f tax payable



d in the manner



in column 3
wing the rates


ow


                  Rate




                  NIL
                     10% of the amount




                     > Rs. 1,00,000



                     Rs. 4,000 +
                     20% of the amount
                     > Rs. 1,50,000
                     Rs. 25,000+ 30% of the amount
                     > Rs. 2,50,000.
                     Rate

                     Nil
                     10% of the amount
                     > Rs. 1,45,000.
                     Rs. 500 + 20% of the amount
                     > Rs. 1,50,000
                     Rs 20,500 + 30% of the amount
                     > Rs.2,50,000.
                     Rate

                     Nil
                     20% of the amount
                     exceeding
                     Rs. 1,95,000.
                     Rs. 11,000 + 30% of the amount
                     > Rs. 2,50,000

al income
Rs. 10,00,000,
charge is leviable
 x as calculated


al 2% educational
 viable on the
surcharge

al 1% secondary
er educational
 viable on the
surcharge
22.66%




11.33%




10.20%



20.60%




10.30%

11.33%
22.66%




11.33%


10.30%




20.60%




11.33%




10.30%
33.99%
         33.99%




         30.90%


         30.90%


         33.99%
         31.67%
33.99%




33.90%


30.90%


33.99%
31.67%




1.13%


1.03%

1.13%
1.03%

2.27%


2.06%

2.27%


1.03%
1.13%
1.03%

1.13%



1.03%
22.66%


20.60%
11.33%


10.30%

10.30%
11.33%
11.33%




10.30%

22.66%




20.60%

11.33%


10.30%

11.33%




10.30%
11.33%
                    10.30%
                    11.33%


                    10.30%
                    Same
                    as in
                    Sec. 193
                    above

                    10.30%


                    11.33%
                    17.00%



                    15.45%




                    22.66%


                    20.60%

ase, tenancy or any other agreement or arrangement for the use of any land or any building (including factory building), together with




ase, tenancy or any other agreement or arrangement for the use of (either separately or together) any, —
actory building); or (iv) machinery; or (v) plant; or (vi) equipment; or (vii) furniture; or (viii) fittings, whether or not any or all of the

                    11.33%




                    10.30%


                    11.33%
                   10.30%


                   11.33%




                   10.30%
                   11.33%

                   10.30%
                   As per applicable DTAA or as per Part - II of Sch. I of the Finance Act, whichever is fbeneficial to the assessee




erly statements in Form No. 24Q and Form No. 26Q for the period ending on June 30, September 30, December 31 and March 31 in e



 sub-contractors during the course of business of plying, hiring or leasing of goods carriages provided.


during the financial year and


m No. 15I.

responsible for deduction of Income Tax to furnish the information relating to payment of any sum to the non resident or to foreign co
Time Limit   TDS             Quarterly         Declaration for NIL
   For     Certificat         Return/        deduction/ Application
Depositing  e Form           Statement           for NIL/Lower
Tax (Rule No./Due             Form No.        deduction (Rules 28,
   30)       Date            (Rules 37,        28AA, 28AB, 29C)
           (Rule 31)         37A, 37B)

Within 7       Form No.     24Q/27A          Application Form 13
days from      16 / Form    (return in
last day of    No.16AA      electronic
month in       30th April   media)
which
deduction is
made

                            Rule 33
                            (Tax


                            deduction


                            from contri




                            bution paid by
                            trustees
of an




approved
super-
annuation
fund)
within one     Form           26Q/27A      Application Form 13
week from      No.16A         (return in   Declaration Form 15G,
last day of                   electronic   Form 15H
the month in                  media)
which income
paid or
credited
whichever is
earlier. If    a) Within
payee’s        one month
account is     from the
credited on    end of the
last day of    month in
accounting     which
year then      credit is
within 2       given or
months from    the
the end of     amount is
the month in   paid
which credit
given


               b) For
               conso-
               lidated
               certificate
               at the
               request of
               payee
               30th April


               c) If credit
               is given on

               last day of
               the year

               then
               within
               7 days
               after
               expiry
               of 2
               months
               of closing
               of year
— do —         — do —    26Q/ 27A     Application Form 13
                         (return in   Declaration Form
                         electronic   15G,Form 15H
                         media)




Within 7       Form       Form        N.A.
days from      No.16A
last day of    within one
month in       month
which          from end
deduction is   of the
made           month
               during
               which
               sums have
               been paid
Within 7       Form                      N.A.
days from      No.16A       26Q/27A
last day of    within one   (return in
month in       month        electronic
which          from end     media)
deduction is   of the
made           month
               during
               which
               sums have
               been paid


Within 7       Form         Form         N.A.
days from      No.16A As    26Q/27A
last day of    in Section   (return in
month in       194B         electronic
which          above        media)
deduction is
made




Within one     Form 16A     Form         Application Form 13
week from      same as in   26Q/27A
last day of    Section      (return in
the month in   193 above    electronic
which income                media)
paid So or
credited
whichever is
earlier. If
payee’s
account is
credited on
last day of
accounting
year then
within 2
months from
the end of
the month in
which credit
given
Same as per    Form       Form           Application Form 13
Section        No.16A
194C(1)        same as in
               Section    26Q/27A
               193 above (return in
                          electronic
                          media)
Section        No.16A
194C(1)        same as in
               Section
               193 above




Same as in     Form       — do —          Application Form 13
Section 193    No.16A
above          same as in
               Section
               193 above




Same as in     Form         Form 27Q
Section 193    No.16A       same as in
Above          same as in   Section 195
               Section      below
               193 above



Within 7       Form      Form             Declaration Form 15G/15H
days from      No.16A as 26Q/27A
last day of    in Sec.   (return in
month in       194B      electronic
which is       above     media)
deduction is
made

Same as in     Form 16A — do —            Application Form 13
Section 193    same as in
above          Section
               193 above




Same as in     Form       — do —          Application Form 13
Section 193    No.16A
above          same as in
               Section
               193 above
                                  Section
                                  193 above




                   Form No.    — do —         — do —          Application Form 13
                   16A same as
                   in Section
                   193 above




factory building), together with furniture, fittings and the land appurtenant thereto,




,—
whether or not any or all of the above are owned by the payee. Thus w.e.f. 13-7-2006

                   Same as in     Form No.    Form 26Q/27A Application Form 13
                   Section 193    16A same    (returns in
                   above          as in       electronic
                                  Section     media)
                                  193 above
                   Within 7       Form      — do —          Application Form 13
                   days from      No.16A as
                   last day of    in Sec.
                   month in       194B
                   which          above
                   deduction is
                   made

                   Same as in     Form No.    Form 27Q/27A Application Form 13
                   Section 193    16A same    (returns in
                   above          as in       electronic
                                  Section     media) within
                                  193 above   14 days of end
                                              of quarter in
                                              which
                                              deduction
                                              made or if
                                              credit is given
                                              on last day of
                                              the accounting
                                              year then
                                              within 14 days
                                              after expiry of
                                              2 months of
                                              closing




                                              Refer Note
                                              No.3




December 31 and March 31 in each financial year and file by July 15, October 15,




 he non resident or to foreign company in a form and manner which will be prescribed
                                                   TDS RATES FOR THE A.Y. 2009-10 (in

Section       Nature of         Threshold            An Individual,
              Payment             Limit
                                 (in Rs.)            HUF, BOI, AOP
                                            Pay-ments less   Pay-ments more
                                            than Rs.10 lakh   than Rs.10 lakh


 192      Salary                    *         Normal Rate       Normal Rate
 193      Interest on            2,500*          10.3              11.33
          Securities
          (i) Interest on
          Debentures or
          securities
          (Listed)
          (ii) Interest on 8%    10,000          10.3                 11.33
          Savings (Taxable)
          Bonds,2003

          (ii) Any Other            -            20.6                 22.66
          Interest on
          securities
          (Unlisted)
 194      Dividend other          2,500          20.6                 22.66
          than dividend
          covered by
          Section 115-O
 194A     Interest other than     5,000          10.3                 11.33
          interest on
          securities
          (cases other than
          below)
          -Where the payer
          is-
          (I) Banking            10,000          10.3                 11.33
          company
          (II) Co -              10,000          10.3                 11.33
          operative
          society engaged in
          banking business

          (III) Post office      10,000          10.3                 11.33
          under a
          deposit scheme
          framed by CG
 194B     Winning from            5,000          30.9                 33.99
          Lotteries
        Non-domestic Co.        —                —                    —
194BB   Winnings from         2,500             30.9                33.99
        Horse
        Races
194C    Payment to
        contractors
        (I) In case         20,000**            1.03                1.133
        of Advertising
        (II) Other          20,000**            2.06                2.266
        Contracts
        (III) Sub-          20,000**            1.03                1.133
        Contracts
                        * after considering deduction u/c VIA – Male : Rs. 1,10,000; Female : Rs. 1,45,000

194D    Insurance             5,000             10.3               11.33
        Commission
194E    Non-Resident            —               10.3               11.33
        sportsman/sports
        association
        Non-domestic Co.        —                —                   —

194EE   Deposits under        2,500             20.6               22.66
        NSS to
        Resident/Non-
        Resident
194F    Repurchase of           —               20.6               22.66
        units of MF/UTI
        from Resident /
        Non-Resident
194G    Commission on         1,000             10.3               11.33
        sale of
        lottery tickets to
        Resident/Non-
        Resident
        Non-domestic Co.        —                —                  —
194H    Commission or         2,500             10.3               11.33
        Brokerage to
        Resident
194I    Rent to Resident
        (a) Rent for         120,000           10.3                11.33
        machinery/
        plant/equipment
        (b) Rent for other
        than
        in (a)
          i. Individual/     120,000           15.45               16.995
          HUF

         ii. Other than      120,000            NA                   NA
         Individual/ HUF
194J    Fees for               20,000           10.3               11.33
        Professional/
        Technical Services
        to Resident

194LA   Compensation to       100,000           10.3               11.33
        Resident on
        acquisition of
        immovable
        property
196B    Income from units        —              10.3               11.33

        (including long-
        term
        Capital Gain on
        transfer
        of such units) to
        an offshore fund
196C    Income from               —             10.3               11.33
        foreign
        currency bonds or
        GDR of Indian
        Company
196D    Income of FII from        —             20.6               22.66
        securities not
        being dividend,
        long-term and
        short-term capital
        gain
        * In case of individual resident only

        ** If consolidated amount during the year exceeds Rs. 50,000.

        TCS RATES FOR THE A.Y. 2009-10 (in %)
206C    Scrap                             1.03                     1.133
        Non-domestic Co.
206C    Tendu leaves                      5.15                     5.665
        Non-domestic Co.
206C    Timber obtained                   2.575                   2.8325
        by any mode and
        any other forest
        produce
        Non-domestic Co.
        (See 1.below)
206C    Alcoholic liquor for              1.03                     1.133
        human
        consumption and
        Indian made
        foreign liquor (See
        2. below)
        Non-domestic Co.
 206C    Parking lot, toll                       2.06                2.266
         plaza, mining and
         quarrying
         Non-domestic Co.

Corrections/ suggestions for TCS :

 1. The wordings u/s. 206C are :

 "Timber obtained under a forest leas /Timber obtained by any mode other than under a forest lease "


 2. These words are not there in the section
OR THE A.Y. 2009-10 (in %)

                  Firm               A Co-op. Soc,               Company
                                         Local
                                       Authority
       Pay-ment does     Pay-ment                    Payment          Payment
        not exceed 1     exceeds 1                   does not         exceeds 1
            crore          crore                     exceed 1           crore
                                                     crore
           N.A.             N.A.         N.A.             N.A.              N.A.
           10.3            11.33         10.3             20.6             22.66




           10.3            11.33         10.3            20.6              22.66



           20.6            22.66         20.6            20.6              22.66



           20.6            22.66         20.6            20.6              22.66



           10.3            11.33         10.3            20.6              22.66




           10.3            11.33         10.3            20.6              22.66

           10.3            11.33         10.3            20.6              22.66




           10.3            11.33         10.3            20.6              22.66



           30.9            33.99         30.9            30.9              33.99
                   —                 —                —                30.9    31.6725
                  30.9             33.99             30.9              30.9     33.99




                  1.03             1.133             1.03              1.03     1.133

                  2.06             2.266             2.06              2.06     2.266

                  1.03             1.133             1.03              1.03     1.133

: Rs. 1,10,000; Female : Rs. 1,45,000; Senior citizen : Rs. 1,95,000

                  10.3             11.33             10.3              20.6     22.66

                  10.3             11.33             10.3              10.30    11.33


                   —                 —                —                 —      10.5575

                   NA                NA               NA                NA       NA



                   NA                NA               NA                NA       NA



                  10.3             11.33             10.3              10.3     11.33




                   —                 —                —                10.3    10.5575
                  10.3             11.33             10.3              10.3     11.33



                  10.3             11.33             10.3              10.3     11.33




                   NA               NA                NA                NA       NA


                  20.6             22.66             20.6              20.6     22.66
10.3    11.33    10.3    10.3     11.33




10.3    11.33    10.3    10.3     11.33




 NA      NA       NA     10.3    10.5575




10.3    11.33    10.3    10.3    10.5575




20.6    22.66    20.6    20.6     21.115




1.03    1.133    1.03     1.03    1.133
                          1.03   1.05575
5.15    5.665    5.15     5.15    5.665
                          5.15   5.2787
2.575   2.8325   2.575   2.575   2.8325



                                 2.639375

1.03    1.133    1.03    1.03     1.133




                                 1.00575
                  2.06            2.266   2.06   2.06   2.266


                                                        2.1115




her than under a forest lease "
                                                       rates of income tax
Tax Rates (includes surcharge and Education Cess) for assessment year 2009-
10


Individuals/HUF/AOP/BOI

Income (Rs.)         Income < Rs.    Income > Rs.
                     10,00,000       10,00,000
Up to 1,50,000       NIL             NIL
1,50,001-3,00,000    10.3            11.33



3,00,001-5,00,000    20.6            22.66


5,00,001–10,00,000   30.9            33.99



10,00,000 +          NA              33.99




For Resident Senior Citizen (65 yrs. of age & above)


Income (Rs.)         Income < Rs.     Income > Rs.
                     10,00,000       10,00,000
Up to 2,25,000       NIL             NIL
2,25,001-3,00,000    10.3            11.33
3,00,001–5,00,000    20.6            22.66
5,00,001–10,00,000   30.9            33.99
10,00,000 +          NA              33.99

MAT Payable by Companies

                      Income < Rs.    Income > Rs.
                      1,00,00,000    1,00,00,000
Minimum Alternate tax 10.3           11.33
on book profit
Tax rates for Capital Gains

                        For Ind. HUF,   For Ind. HUF,      For
                        BOI, AOP        BOI, AOP           Partnership
                        (Income < Rs.   (Income > Rs.      & Corporate
                        10 lakhs)       10 lakhs)          Assessee
                                                           (Income <
                                                           Rs. 1 crore)



Long-term Capital
Gains
Listed securities       NIL             NIL                NIL
covered u/s. 10(36)
Listed securities       NIL             NIL                NIL
traded on recognised
Stock Exchange not
covered under 10(36)

Listed securities not
traded on recognised
Stock Exchange
without Indexation or   10.30%          11.33%             10.30%
with Indexation         20.60%          22.66%             20.60%
On any other asset      20.60%          22.66%             20.60%
Short-term Capital
Gains
On listed securities    15.45%          17.00%             15.45%
traded on recognised
Stock Exchange or
unit of an equity
oriented fund
Others                  at applicable   at applicable slab at applicable
                        slab rates      rates              rates

Advance Tax (Where tax payable exceeds Rs. 5,000)


Due Date of             Amount payable as a % of
Instalment on or        Advance Tax
before
                        For             For Other
                        Companies       Assessees
Jun-15                  15%             —
Sep-15                  30%             30%
Dec-15                  30%             30%
Mar-15                  Balance         Balance
    rates of income tax
) for assessment year 2009-



                              For resident Women (Below 65 yrs. of age)

                              Income (Rs.)                                Income < Rs.
                                                                          10,00,000
                              Up to 1,80,000                              NIL
                              1,80,001-3,00,000                           10.3



                              3,00,001-5,00,000                           20.6


                              5,00,001–10,00,000                          30.9



                              10,00,000 +                                 NA




)                             For Firms/Company


                                                                          Income <
                                                                          Rs.1,00,00,000
                              Firms/Domestic company                                  30.9
                              Foreign company                                         41.2




                              DIVIDEND DISTRIBUTION TAX

                                                                                         TYPE OF PAYER

                                                                               COMPANY
                     TYPE OF PAYEE
                     INDIVIDUAL/HUF   17.00%
                     COMPANY          17.00%



     For
     resident
     Partnership
     &
     Corporate
     Assessee
     (Income >
     Rs. 1 crore)



     NIL

     NIL




     11.33%
     22.66%
     22.66%


     17.00%




     at applicable
     rates

0)
  Income > Rs.
  10,00,000
  NIL
  11.33



  22.66


  33.99



  33.99




  Income > Rs.
  1,00,00,000
            33.99
            42.23




TYPE OF PAYER

          MUTUAL FUND

    NON EQUITY MUTUAL
LIQUID   OTHER     equity
28.33%   14.16%   0%
28.33%   22.66%   0%

				
DOCUMENT INFO
Description: Share Holders Agreement document sample