Changes in TDS for F.Y.2009-10
This query is : Resolved
22 July 2009
I have read the ajor changes are going to be taken place as per Mr.Prakash Somani's file on current rates of TDS.Is it true? If yes then is it going to applicable from 01.10.09.Do we realy have to not to deduct the Tax at source on payment made to any transporter if he gives his PAN? Also don't we have to levy Surcharge & cess on tax deducted? Please clarify my doubts urgently
22 July 2009
Absolutely right. Only cess need to be deducted from TDS on salary.
Surcharge & Cess need to be deducted on TDS deducted from non-residents.
Most likely the budget proposals in respect of TDS will be passed as it is.
Surcharge & Cess need to be deducted on TDS deducted from non-residents.
Most likely the budget proposals in respect of TDS will be passed as it is.
22 July 2009
rates of tds under section 194 C to be changed from 1 october 2009
rate 1 % for individual and huf
and 2 % other than individual and huf
Payment to a transport operator Nil (2% if no PAN is quoted for payments made up to 31.3.2010
and 20% thereafter)
also rate of tds under section 194 I has been changed
2 % on plant & machinery
10 % on land & building
rate 1 % for individual and huf
and 2 % other than individual and huf
Payment to a transport operator Nil (2% if no PAN is quoted for payments made up to 31.3.2010
and 20% thereafter)
also rate of tds under section 194 I has been changed
2 % on plant & machinery
10 % on land & building
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- GST ON EXPORT COMMISSION
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
