19 December 2009
I just want to confirm......... what is the rate of tds on income by way of interest other than" interest on securities " for a domestic pvt. ltd. co. ??
As per different views available on this site and also tds chart related share files on this site it is 20 % but in
finance act 2009 - first schedule - part II mentions ..... ....
2. In the case of a company— (a) where the company is a domestic company—
(i) on income by way of interest other than “Interest on securities” ----- 10%
19 December 2009
agree with expert,10% Aggregate amount of interest credited/paid doesn't exceeds rs.5,000 during a f/y and rs.10,000 wheras the payer is a banking company or a co-operative society engaged in carrying on the business of banking or post-office in respect of notified schemes
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