TDS RATE
This query is : Resolved
CMA. CS. Sanjay Gupta
(Querist)
06 March 2010
Dear Experts,
Please clarify what is the rate of TDS to be deducted on payment of interest on loan to a Company.
As far as i know the rate of TDS is 10% in above case. But some files submitted in CA CLUB INDIA are mentioning that the rate is 20%.
Thanks.
Please clarify what is the rate of TDS to be deducted on payment of interest on loan to a Company.
As far as i know the rate of TDS is 10% in above case. But some files submitted in CA CLUB INDIA are mentioning that the rate is 20%.
Thanks.
Shyam Lal Naik
(Expert)
06 March 2010
Sir,
you are correct. It is 10% w.e.f. 01.04.09
you are correct. It is 10% w.e.f. 01.04.09
CMA. CS. Sanjay Gupta
(Querist)
06 March 2010
Thank You.
And i humbly request CA CLUB INDIA to check the information prvided in submitted file before dasplaying the same as wrong info can be misleading.
And i humbly request CA CLUB INDIA to check the information prvided in submitted file before dasplaying the same as wrong info can be misleading.
CA Prashant Gupta
(Expert)
06 March 2010
it is 10% in sec 194A
but if it is paid to Non-resident then rate is 20% but sec is 195
but if it is paid to Non-resident then rate is 20% but sec is 195
CMA. CS. Sanjay Gupta
(Querist)
06 March 2010
Dear Experts,
please download the file from following link, see the rate mentioned u/s194A and then comment on the rate mentioned. It is my humble request to all of you.
https://www.caclubindia.com/share_files/tds-at-a-glance-for-ay-2011-2012-23901.asp
Thanks.
please download the file from following link, see the rate mentioned u/s194A and then comment on the rate mentioned. It is my humble request to all of you.
https://www.caclubindia.com/share_files/tds-at-a-glance-for-ay-2011-2012-23901.asp
Thanks.
taxindiaconnect
(Expert)
06 March 2010
Dear,
The rate od TDS @ 10% is applicable from 01.10.2009 onwards and earlier to that the rate was 20% + Applicable SC and EC. may be the file you are acessing, belong to period earlier the 1st Oct 2009.
The rate od TDS @ 10% is applicable from 01.10.2009 onwards and earlier to that the rate was 20% + Applicable SC and EC. may be the file you are acessing, belong to period earlier the 1st Oct 2009.
CMA. CS. Sanjay Gupta
(Querist)
06 March 2010
NO SIR IT IS THE RECENT MOST FILE. PLEASE CHECK THROUGH ABOVE LINK.
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