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??
Aadhyayan
(CA Business)
(95 Points)
Replied 20 November 2009
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.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
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