TDS rate in case payment relate to month prior to Oct-09
This query is : Resolved
09 December 2009
Dear Experts,
In case a payment is been made now(i.e after Oct-09) which relates to invoices for month of Aug & sept-09 what rate of TDS be charged in case of Interest?
TDS is not deducted earlier but is deducted now after Oct-09
So tds rate should be 10% na in case of any assessee.
Regards,
Varsha
In case a payment is been made now(i.e after Oct-09) which relates to invoices for month of Aug & sept-09 what rate of TDS be charged in case of Interest?
TDS is not deducted earlier but is deducted now after Oct-09
So tds rate should be 10% na in case of any assessee.
Regards,
Varsha
09 December 2009
in case of company,co opretive socity, form TDs@20%+++ and others 10%++++ before oct. 2009.
09 December 2009
The issue is covered under section 194A. The section says that tax is to be deducted at the time of credit or payment which ever is earlier. So the rate prevailing on the date of passing the entry in the books of account has to be applied. Date of entry is not given in the query hence rate is not answered.
09 December 2009
So far rate of TDS u/s 194A is concerned, it is w.e.f. 01.04.09.
The popular belief that the rate has been changed w.e.f. 01.10.09 is misplaced.
The popular belief that the rate has been changed w.e.f. 01.10.09 is misplaced.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Form 10BD Filling
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- TDS ON CASH WITHDRAWALS...
- ESIC- Employee Registration
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
