TDS


(Querist)
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 (Expert)
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 (Expert)
03 April 2010
20 %.

no surcharge and cess will be applicable.

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

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

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

CA Ashok Kumar Sahu (Expert)
05 April 2010
it's 10%,

CA Ravi Sisodia (Expert)
05 April 2010
10%


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