TDS rate for F.Y. 2008-09
This query is : Resolved
16 May 2008
What is the TDS rate on Brokerage on shares, Brokerage on Mutual Fund, Interest on FD ?
CA Hemant T Dewani
(Expert)
17 May 2008
tds rate is 10%+ec+shec for brokerage
interest on fd is 10%+ec+shec payments in excess of rs 5000/toindividual,huf,aop.
boi & to firms & ajp 20%+ec+shec
interest on fd is 10%+ec+shec payments in excess of rs 5000/toindividual,huf,aop.
boi & to firms & ajp 20%+ec+shec
17 May 2008
for asst. year 09-10,under sec 194H ,THE TDS ON COMMISSION OR BROKERAGE TO A RESIDENT IS @10 30%( FOR AGGREGATE PAYMENT BELOW RS.TEN LAKHS).INCL EDU.CESS.
THE TDS RATE IS 11.33% FOR AGGREGATE PAYMENT ABOVE RS. 10 LAKHS. (INCL.S.C+EDU.CESS.).
FOR INTEREST ON F.D(WHEN RECIPIENT IS OTHER THAN DOMESTIC CO.) , THE TDS RATE IS 10.3% WHEN INTEREST EXCEEDS RS. 10000/-P.A. (BELOW RS. 10 LAKHS AGGREGATE PAYMENT)
FOR ABOVE RS. 10 LAKHS AGGREGATE PAYMENTS TDS RATE IS 11.33%.
WHEN RECIPIENT IS DOMESTIC CO. INT. ON F.D ATTRACTS TDS @ @20.6% AND 22.66% RESPECTIVELY FOR BELOW AND ABOVE RS 10 LAKHS AGGREGATE PAYMENT.
R.V.RAO
THE TDS RATE IS 11.33% FOR AGGREGATE PAYMENT ABOVE RS. 10 LAKHS. (INCL.S.C+EDU.CESS.).
FOR INTEREST ON F.D(WHEN RECIPIENT IS OTHER THAN DOMESTIC CO.) , THE TDS RATE IS 10.3% WHEN INTEREST EXCEEDS RS. 10000/-P.A. (BELOW RS. 10 LAKHS AGGREGATE PAYMENT)
FOR ABOVE RS. 10 LAKHS AGGREGATE PAYMENTS TDS RATE IS 11.33%.
WHEN RECIPIENT IS DOMESTIC CO. INT. ON F.D ATTRACTS TDS @ @20.6% AND 22.66% RESPECTIVELY FOR BELOW AND ABOVE RS 10 LAKHS AGGREGATE PAYMENT.
R.V.RAO
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