Muralidharan (Self Employed) (1034 Points)
04 January 2010Dear Members
What is the correct rate of TDS (20% or 10%) for payment of interest to companies for Assessment Year 2010-11 (Financial year 31.03.2010_.
In Taxman book it has been mentioned as 10%. However in lot of websites the rate has been mentioned as 20%. In the Income Tax Department of Bangalore website the rate has been mentioned as 20%.
If the rate is 10% please inform the date of notification or circular...etc
with regards
Muralidharan
Amir
(Learner)
(4016 Points)
Replied 04 January 2010
TDS u/s 194 A - FROM 01.10.2009
PAYMENT OF INTEREST TO DOMESTIC COMPANIES - 10%
PAYMENT OF INTEREST TO A RESIDENT OTHER THAN DOMESTIC COMPANIES - 10%
THRESHOLD LIMIT IS RS. 5,000/- .
Rajan Pasrija
(ACCOUNTANT)
(53 Points)
Replied 04 January 2010
ITS 10% IN BOTH CASES
EITHER COMPANY OR NON COMPANY
IT IS CONFIRM
SUNIL SINGH
(ACCOUNTANTS AND INCOMETAX WORKS)
(142 Points)
Replied 04 January 2010
194A tds applicable only 10% only( not charge surcharge + education cess after 19.08.2009 )after 01.10.2009 or ( all status of income tax assessee)
SUNIL SINGH
(ACCOUNTANTS AND INCOMETAX WORKS)
(142 Points)
Replied 04 January 2010
tds chart
Amir
(Learner)
(4016 Points)
Replied 04 January 2010
MR. RAJAN, SUNIL & ADITYA ARE CORRECT
RATE IS 10% FOR ALL ASSESSEES...
ACTUALLY MY EARLIER REPLY WAS BASED ON THE READY RECKONNER...
Rajnish Amipara
(Student)
(42 Points)
Replied 04 January 2010
| Originally posted by : Rajnish Amipara | ||
 hi, pls. find attached rate chart for the f.y. 09-10 |
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regards
Rajnish
risha
(ARTICLE)
(45 Points)
Replied 04 January 2010
ya its 10% from 1-10-09
NARENDER PAWAR
(CA final Student)
(337 Points)
Replied 05 January 2010
its 10% for all the assessee w.e.f 01.10.2009. without surcarge & e.c
urvi jitendra bhavsar
(CA Final Student)
(116 Points)
Replied 05 January 2010
itz 10% for companies as well as non companies with a threshold limit of Rs.5,000/-
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