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TDS as amended fin act 09

Deepak (Article) (27 Points)

20 November 2009

I recently saw Taxmans TDS chart rate fir Year 09-10.. It was divided into two periods with different rates. why is it so??? So for may exam do we have to learn both the rates??

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Aadhyayan (CA Business) (95 Points)
Replied 20 November 2009

TDS rates has been changes wef 1^st Oct’09.

Hence, there are two charts –one for Apr to Sept’09 & other for Oct to Mar’09.

Also find simplified file for reference of TDS rates.

Attached File : 53 tds 09 10.xls downloaded: 250 times

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Deepak (Article) (27 Points)
Replied 21 November 2009

Originally posted by :Deepak
"	I recently saw Taxmans TDS chart rate fir Year 09-10.. It was divided into two periods with different rates. why is it so??? So for may exam do we have to learn both the rates??	"

So for May 2010 exam point of view , we have to solve questions buy using the new chart with rates for two period???

shyambali yadav (chartered Accountancy final) (48 Points)
Replied 21 November 2009

there will be no surcharge and education cess while deducting tds except tds on salary

Aditya Maheshwari (CA in Practice) (35867 Points)
Replied 21 November 2009

Yes there will be no surcharge and education cess while deducting tds except tds on salary. So the rate chart as attached seems to be wrong to that extent. And also the rate the TDS on interest paid to companies is 10% and not 20.