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
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- UDIN ISSUE
- TDS on purchase of under construction property from a reseller
- Change Of Karta In Case of Death
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
