budget
This query is : Resolved
23 March 2010
if the budget says "no cess on tds payments is applicable from 01.10.2009 ".then though the payment is made on 31.03.2010,are we suppose to deduct tds for half year ended on 30.09.2009 @ 10.3% and frm 1.10.2009 to 31.03.2010 @ 10%.
basically i want to know is this the way to approach the change in the section or not.
and one more thing if the budget is announced on 19.08.2009, it means whatever the budget states especially wrt tax ,it will be applicable from 19.08.2009 onwards or frm 01.04.2009 onwarrds
basically i want to know is this the way to approach the change in the section or not.
and one more thing if the budget is announced on 19.08.2009, it means whatever the budget states especially wrt tax ,it will be applicable from 19.08.2009 onwards or frm 01.04.2009 onwarrds
CA Ashok Kumar Sahu
(Expert)
23 March 2010
no. sec. had changed.
rate applicable wef 1/10/2009
rate applicable wef 1/10/2009
CA Ashok Kumar Sahu
(Expert)
25 March 2010
I mean your approach is right sec. not change.
effective date mention on respective sec. itself i.e. 1/10/2009
effective date mention on respective sec. itself i.e. 1/10/2009
25 March 2010
AND SIR WHAT ABOUT THE SECOND QUESTION?WHAT IS UR REPLY?
AND THANKX FOR THE FIRST ONE.
AND THANKX FOR THE FIRST ONE.
CA Ashok Kumar Sahu
(Expert)
26 March 2010
budget states especially w.e.f. date for TDS it is 1/10//09
not from 1/4/09
not from 1/4/09
31 March 2010
sir,it is not just with regards to tds but also in general,but i would like to know how to interpret the changes
CA Ashok Kumar Sahu
(Expert)
31 March 2010
effective date mention on respective sec. itself
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