Komal (Accounts Executive) (70 Points)
26 March 2010Please tell me the effective date for the application of new TDS rates. Surcharge & Education cess is not required to be deducted on TDS as per The Finance Act passed on 19-08-2009. Is this applicable from 1.04.2009 pr 1.10.2009 or after 19.08.2009? Pls clear this confusion..
Komal
(Accounts Executive)
(70 Points)
Replied 26 March 2010
Are you sure? Because I had read that the non-application of surcharge & education cess is for F.Y. 2009-10 and hence, its benefit can be availed from 1.04.2009. Please confirm.
C.Balaji
(Learner)
(1867 Points)
Replied 26 March 2010
TDS Rates are effective from 1st October 2009.........
CA KHAN AURANGZAIB
(ERP FINANCIAL CONSULTANT)
(85 Points)
Replied 26 March 2010
New Tds rate have been effected from 01.10.09
vikash gupta
(CHARTERED ACCOUNTANT IN PRACTI)
(66 Points)
Replied 27 March 2010
effective from 01.10.2009
shushantsinghal
(BCOM(HONS),C.A)
(283 Points)
Replied 27 March 2010
the new rates have been effected from 1.10.2009 but the non deduction of cess & surchage from 1.4.2009
ganesh bhandari
(B.Com Final C.A. Final CS Article Clerk )
(239 Points)
Replied 27 March 2010
Agree with Sushant.
Komal
(Accounts Executive)
(70 Points)
Replied 27 March 2010
Thank You for your replies..
But I think, like me, many others are also confused about the matter...There is still no consensus on the issue.
Komal
(Accounts Executive)
(70 Points)
Replied 29 March 2010
I have got the answer to my question... So, the answer for all of you who are still in the dark.. Sushant is right.. TDS rates are applicable from 1.10.2009 but the benefit of non-deduction of TDS can be availed from 1.04.2009. Thanx Sushant..
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