TDS rates
This query is : Open
22 August 2009
The tax ready recknors states that the TDS rate for interest "other than securities" in the case of a domestic company is -20%
However, if one looks at the Finance Act -Schedule-I, part-2, the rate is mentioned as 10%
Can anybody clarify, pl.
However, if one looks at the Finance Act -Schedule-I, part-2, the rate is mentioned as 10%
Can anybody clarify, pl.
22 August 2009
Yes i have also noticed such inconsistency.
I think it should be taken at 10% as Finance Act is of more weightage.
Other peoples comments are also invited.
I think it should be taken at 10% as Finance Act is of more weightage.
Other peoples comments are also invited.
22 August 2009
Other peoples comments are also invited
24 August 2009
I too want to agree with your views. But considering that neither the budget proposal nor the notes to the clauses covers this aspect, I tend to think it to be a typographical error. It will also lead to a situation wherein an individual and corporates will be treated at par for TDS rates, which I feel is unlikely.
Thanks & Regards
Dinesh
Thanks & Regards
Dinesh
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