TDS - Budjet 2009

This query is : Resolved

j.bovas (Querist)
Follow

24 July 2009 Pl guide me in the TDS rate Applicable after this budjet?

1.In the Budjet 2009, it has been said that TDS @ 20 % needs to be deducted if PAn is not quoted,Is this applicable to all payments or only to Transport contracts??

2. In the same way, Is Surcharge in all cases completely abolished or having its presence in any form ?? (Like ceiling of income)
3.Can anyone put this new TDS rates in a nutshell and post ?

chetan soni

chetan soni (Expert)
Follow

24 July 2009 The new TDS rates already there in shared files.

The 20% issue will applicable from 01st April 2010. Till that date this earlier provisions will be continued.

The higher deduction of 20% is for all category of deductees & not restricted to transporter.