TDS Query-Payment to Sub Contractor
This query is : Resolved
17 September 2009
Dear sir,
The rate of TDS on payment to sub contractor/Advt. is change from 1.10.09 from 1% to 2%.
we r going to make payment to party on 27.9.09, so at wht rate should i deduct & pay TDS is it @ 1% or 2%
The rate of TDS on payment to sub contractor/Advt. is change from 1.10.09 from 1% to 2%.
we r going to make payment to party on 27.9.09, so at wht rate should i deduct & pay TDS is it @ 1% or 2%
17 September 2009
Hello dear,....
TDS rates Proposed in Budget’09 Presented on July 6th, 2009 are effective from 1.10.2009
· No surcharge or Cess is applicable for TDS. Only the specified TDS rates should be considered for deduction.
So u have to follow old rate before this date.
TDS rates Proposed in Budget’09 Presented on July 6th, 2009 are effective from 1.10.2009
· No surcharge or Cess is applicable for TDS. Only the specified TDS rates should be considered for deduction.
So u have to follow old rate before this date.
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