Applicability of New TDS Rates

Please 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..

Replies (11)

1.10.2009

Hi,

With effect from 01.10.2009

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.

TDS Rates are effective from 1st October 2009.........

 New Tds  rate  have been effected  from 01.10.09

effective from 01.10.2009

Hi,

 

New TDS Rates Effective from 1.10.09

the new rates have been effected from 1.10.2009 but the non deduction of cess & surchage from 1.4.2009

Agree with Sushant.

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.

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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