TDS Amendment w.e.f. 01.10.2009
This query is : Resolved
26 October 2009
What are the amendments made in the TDS w.e.f. 01.10.2009. Can i have the draft of amendment.
26 October 2009
for details pl refer any tax book to update yourself. however, basic and main changes are:
1- TDS on rent @ 10% in all cases
2- TDS on Contractor-
- 1% in case of individual/HUF
- 2% in all other cases
- Nil TDS on payment to Transporter, if it provides PAN No. in absence of PAN No. 1% or 2% as case may be up to 31.3.2010.
3- No surcharge & Education cess
1- TDS on rent @ 10% in all cases
2- TDS on Contractor-
- 1% in case of individual/HUF
- 2% in all other cases
- Nil TDS on payment to Transporter, if it provides PAN No. in absence of PAN No. 1% or 2% as case may be up to 31.3.2010.
3- No surcharge & Education cess
26 October 2009
The pre amendment and post amended rates are available in the following link.
http://www.simpletaxindia.org/2009/07/new-tds-rate-fy-09-10-after-budget.html
This is for an easy reference.For details respective sections have to be seen in The Income Tax Act,1961.
The pre amendment and post amended rates are available in the following link.
http://www.simpletaxindia.org/2009/07/new-tds-rate-fy-09-10-after-budget.html
This is for an easy reference.For details respective sections have to be seen in The Income Tax Act,1961.
26 October 2009
Agree with expert Sri Warrier,
It's better to see books or www.incometaxindia.gov.in for the changes.
It's better to see books or www.incometaxindia.gov.in for the changes.
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