I want to Know that if the payee has cerificate of tax deduction at source at rate which is lower than the rates prescribed wef from 1.10.09 . at what rate should be deduct tax . for eg in case of rent paid the new rate of TDS is 10% and in the certificate issued to the vendor by Income tax dept states 5% ( incl SC or cess ) or 5% + Surcharge and cess then at what rate should be deduct tax. Also surcharge and cess is abolished even if we deduct at 5% then should be account for surcharge and cess. Please help a bit urgent...
6 Replies
Dintakurthi Tirumala
(CA FINAL)
(15994 Points)
Replied 24 October 2009
i think so we dedut TDS at excluding surcharge and cess rate
Dintakurthi Tirumala
(CA FINAL)
(15994 Points)
Replied 24 October 2009
i think so we dedut TDS at excluding surcharge and cess rate
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 24 October 2009
If it is mentioned that 5% including SC and EC then deduct @ 4.85%.
If it Is mentioned that 5% + SC+EC then deduct @ 5%.
Ravi Jorahosur
(Working)
(251 Points)
Replied 24 October 2009
dear friend,
pls see the attachment file for details
ravi
Attached File : 58 tds rates wef 01 10 2009.xls downloaded: 266 times
GOPAL KUMAR AGRAWAL
(PARTNER)
(205 Points)
Replied 24 October 2009
| Originally posted by :Ravikumar.S | ||
| " | dear friend, pls see the attachment file for details ravi |
" |
Attached File : 10 tds and finance bill 2009.pdf downloaded: 232 times
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