TDS

This query is : Resolved 

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

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

03 April 2010 20 %.

no surcharge and cess will be applicable.

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

03 April 2010 The TDS rate is 10% w.e.f. 01.04.09

05 April 2010 it's 10%,



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