TDS U/S 194 A

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CA HANI

CA HANI (Querist)
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20 September 2009 WHAT IS THE LATEST TDS RATES ON PAYMENT OF INTEREST TO A COMPANY U/S 194 A , IS IT 10% OR 20%

Ram Avtar Singh

Ram Avtar Singh (Expert)
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20 September 2009 Sec 194A tds rate is 20%

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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20 September 2009 There is no change. 20% continues.

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Shyam Lal Naik

Shyam Lal Naik (Expert)
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20 September 2009 The rate for the purpose of Tax deduction at source u/s 194A has undergone change. The rate at present is 10%.

Please refer to the following :
The First Schedule, Part - II, Sl. No. 2 (a) (i)of the Finance (No. 2) Act, 2009.

vide sec 2 of the said act, the rate is deemed to have come into force on the 1st day of April'09.

CA HANI

CA HANI (Querist)
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20 September 2009 Mr. Ramvatar SingH and Mr. Chakarpani can you please recheck it as suggested by Mr. Naik

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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20 September 2009 I checked The Finance (N0.2) Bill,2009 and agree with Mr. Naik. I stand corrected and the mistake is regreted.