AN ASSESSEE PAID INTEREST TO A COMPANY RS 15000 ON 2.2.2010.... WHAT IS TDS RATE FOR COMPANY
EITHER IT IS 10% OR 20%
17 Replies
Amir
(Learner)
(4016 Points)
Replied 23 February 2010
Dear Shushant,
PLz ignore
Rate of TDS where payee is a company is 20%
C.Balaji
(Learner)
(1867 Points)
Replied 23 February 2010
Dear Mr.Amir.........
Is it not 10% for all ???? 194 A..........
shushantsinghal
(BCOM(HONS),C.A)
(283 Points)
Replied 23 February 2010
as per my opinion 10% but now confusion
| Originally posted by : C.Balaji | ||
 |
Dear Mr.Amir......... Is it not 10% for all ???? 194 A.......... |
 |
C.Balaji
(Learner)
(1867 Points)
Replied 23 February 2010
Post enactment of finance Act,2009........
It is 10% but waiting for Dear Amir brother Reply...........
Amir
(Learner)
(4016 Points)
Replied 23 February 2010
Brother,
Where receipient is Company it is 20%............That's what I have written above........
C.Balaji
(Learner)
(1867 Points)
Replied 23 February 2010
but i have studied that......
If recipient is an individual or HUF - 10%
If recipient is a Domestic co. or Firm - 10%
Amir
(Learner)
(4016 Points)
Replied 23 February 2010
Dear Friends,
Plz refer this link - n go through the profile of Respected Member , Sir Balasubramanyam
shushantsinghal
(BCOM(HONS),C.A)
(283 Points)
Replied 23 February 2010
| Originally posted by : Amir | ||
|
|
Dear Friends, Plz refer this link - n go through the profile of Respected Member , Sir Balasubramanyam https://www.caclubindia.com/profile.asp?member_id=131817 |
|
MY C.A ALSO TOLD ME THAT IT IS 10% BUT I HAD CONFUSION
C.Balaji
(Learner)
(1867 Points)
Replied 23 February 2010
https://www.caclubindia.com/forum/may-november-2010-attempts-70395.asp
please see this link brother.............
mazharpatel
(service)
(40 Points)
Replied 23 February 2010
Checked with Tax print site and it is given as 10% on page 5, I am posting a link for you all to verify.
https://www.taxprintindia.com/18-taxation-charts/18-taxation-charts.html
Anil Kumar Agarwala
(CA)
(67 Points)
Replied 23 February 2010
Whenever in doubt, please refer to the legislative source. Part II of Schedule I the Finance Act 2009 clearly lays down that the rate of deduction in case of a domestic company on income by way of interest other than interest on securities will be 10%.
There can be no two opinions here. Rate is 10%. Period.
Attached File : 43 bill81 sch i.pdf downloaded: 128 times
CA Manikandan Raghunath
( )
(609 Points)
Replied 23 February 2010
Agree with Anil sir..
Rate of TDS is 10% for all assesses
Amir
(Learner)
(4016 Points)
Replied 24 February 2010
Sincere apologies friends the rate is 10%..........
Suresh
(CA Final Student)
(177 Points)
Replied 24 February 2010
Dear Sushanth
TDS Rate for Coy 1.4.2009 to 30.9.2010 -- 20%
TDS Rate for Coy 1.10.2009 to 31.3.2010 -- 10%
In ur case 10% is applicable..
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