TDS

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CA.Ritu Agarwal (Querist)
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03 April 2010 Hello, A company has unsecured loan in its Balance sheet of another company. NOW While paying Interest what will be the rate of TDS. whether surcharge and cess is also to be deducted???. the former company has turnover of more than Rs. 1 crore.

Pleas reply.

thanks

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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03 April 2010 DEAR RITU,

TDS @ 10% U/S194A. NO SURCHARGES & CESS (W.E.F. 01.10.2009)
TDS @ 22.66% U/S194A( UPTO 30.09.2009)

REGARDS

kartik_somu

kartik_somu (Expert)
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03 April 2010 20 %.

no surcharge and cess will be applicable.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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03 April 2010 PLEASE DOWNLOAD TDS RATE CHART FROM FOLLOWING LINK & CHAECK RATES-----

https://www.caclubindia.com/share_files/tds-rate-chart-2010-11-25176.asp

Shyam Lal Naik

Shyam Lal Naik (Expert)
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03 April 2010 The TDS rate is 10% w.e.f. 01.04.09