TDS U/S 194 A

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CA HANI

CA HANI (Querist)
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14 September 2009 WHAT IS LATEST RATE OF TDS UNDER SEC . 194 A

chetan soni

chetan soni (Expert)
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14 September 2009 answered.

Shyam Lal Naik

Shyam Lal Naik (Expert)
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14 September 2009 10%

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CA HANI

CA HANI (Querist)
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14 September 2009 MR.SL NAIK TAHNKS FOR YOUR RESPONSE , CAN YOU PLEASE TELL HOW MUCH IT IN CASE PAYMENT IS BEING MADE TO OTHER THAN INDIVIDUAL AND HUF

Shyam Lal Naik

Shyam Lal Naik (Expert)
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15 September 2009 Sir,

The differential rate of tax applicable, in case the deductee is a company has been done away with in Finance(No. 2) Act, 2009 with effect from 01.04.09.

The rate was 20% in case of company deductee and 10% in other cases. Surcharge and Edn. Cess was also applicable.

Now it is flat 10%. No Surcharge & Edn. Cess.