TDS - Budjet 2009
This query is : Resolved
24 July 2009
Pl guide me in the TDS rate Applicable after this budjet?
1.In the Budjet 2009, it has been said that TDS @ 20 % needs to be deducted if PAn is not quoted,Is this applicable to all payments or only to Transport contracts??
2. In the same way, Is Surcharge in all cases completely abolished or having its presence in any form ?? (Like ceiling of income)
3.Can anyone put this new TDS rates in a nutshell and post ?
1.In the Budjet 2009, it has been said that TDS @ 20 % needs to be deducted if PAn is not quoted,Is this applicable to all payments or only to Transport contracts??
2. In the same way, Is Surcharge in all cases completely abolished or having its presence in any form ?? (Like ceiling of income)
3.Can anyone put this new TDS rates in a nutshell and post ?
chetan soni
(Expert)
24 July 2009
The new TDS rates already there in shared files.
The 20% issue will applicable from 01st April 2010. Till that date this earlier provisions will be continued.
The higher deduction of 20% is for all category of deductees & not restricted to transporter.
The 20% issue will applicable from 01st April 2010. Till that date this earlier provisions will be continued.
The higher deduction of 20% is for all category of deductees & not restricted to transporter.
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