TDS Query-Payment to Sub Contractor

This query is : Resolved

amol (Querist)
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17 September 2009 Dear sir,

The rate of TDS on payment to sub contractor/Advt. is change from 1.10.09 from 1% to 2%.

we r going to make payment to party on 27.9.09, so at wht rate should i deduct & pay TDS is it @ 1% or 2%

Taranjit Singh

Taranjit Singh (Expert)
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17 September 2009 Hello dear,....
TDS rates Proposed in Budgetâ€™09 Presented on July 6th, 2009 are effective from 1.10.2009
Â· No surcharge or Cess is applicable for TDS. Only the specified TDS rates should be considered for deduction.
So u have to follow old rate before this date.

Manoj

Manoj (Expert)
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17 September 2009 Charge 1% + ec + sc

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