24 May 2008
UNDER SEC 194A,IF RECIPIENT IS A RESIDENT OTHER THAN DOMESTIC CO.THE TDS APPLICABLE IS 10.3%IF AGGREGATE PAYMENT /CREDIT DOES NOT EXCEED RS. ONE CRORE. IF AGGREGATE PAYMENT /CREDIT EXCEEDS RS. ONE CRORE, THEN THE TDS APPLICABLE IS 11.33% ( FOR FIN. YEAR 2008-09) SOURCE:DIRECT TAXES READY RECKONER -DR.VINOD.K.SINGHANIA