TDS RATE

This query is : Resolved 

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.

06 March 2010 Sir,

you are correct. It is 10% w.e.f. 01.04.09

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.


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

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.

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.

06 March 2010 NO SIR IT IS THE RECENT MOST FILE. PLEASE CHECK THROUGH ABOVE LINK.


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