new tds rates

This query is : Resolved 

05 September 2009 I am deducting as per new TDS rates from 1-8-09 Am i right?

05 September 2009 Partially right.

TDS rate on interest other than interest on securities u/s 194A, in case payee is a company, reduced from 20% to 10% with immidiate effect in the finance bill.

Other changes in the rate has been made effective from 01-10-09. eg. TDS on rent and Contract.



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