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CMA. Sanjay Gupta
( Author )
06 March 2010
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Dear Experts,
Please clarify what is the rate of TDS to be deducted on payment of interest on loan to a Company.
As far as i know the rate of TDS is 10% in above case. But some files submitted in CA CLUB INDIA are mentioning that the rate is 20%.
Thanks. |
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Shyam Lal Naik
( Expert )
06 March 2010
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Sir,
you are correct. It is 10% w.e.f. 01.04.09 |
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CMA. Sanjay Gupta
( Author )
06 March 2010
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Thank You.
And i humbly request CA CLUB INDIA to check the information prvided in submitted file before dasplaying the same as wrong info can be misleading.
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CA Prashant Gupta
( Expert )
06 March 2010
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it is 10% in sec 194A
but if it is paid to Non-resident then rate is 20% but sec is 195 |
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CMA. Sanjay Gupta
( Author )
06 March 2010
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Dear Experts,
please download the file from following link, see the rate mentioned u/s194A and then comment on the rate mentioned. It is my humble request to all of you.
http://www.caclubindia.com/share_files/tds-at-a-glance-for-ay-2011-2012-23901.asp
Thanks. |
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Rajesh Dua
( Expert )
06 March 2010
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Dear,
The rate od TDS @ 10% is applicable from 01.10.2009 onwards and earlier to that the rate was 20% + Applicable SC and EC. may be the file you are acessing, belong to period earlier the 1st Oct 2009. |
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CMA. Sanjay Gupta
( Author )
06 March 2010
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NO SIR IT IS THE RECENT MOST FILE. PLEASE CHECK THROUGH ABOVE LINK. |
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