TDS rate of Interest other than Interest on Securities
This query is : Resolved
07 November 2009
Dear Sir,
I have gone through IT ready Reckoner Taxmann, there is mention TDS rate 10% on Interest other than Interest on Securities. But When I go through so many web site and also CAclub india there is mentione TDS 20% for receipent of any other than Individual/HUF instead of 10%.
I am very confuse on what % of TDS rate applicable. Pls confirm me correct rate of TDs applicable on Interest other Interest on Securities w.e.f. 1.10.2009.
Regards
BALJINDER SINGH
I have gone through IT ready Reckoner Taxmann, there is mention TDS rate 10% on Interest other than Interest on Securities. But When I go through so many web site and also CAclub india there is mentione TDS 20% for receipent of any other than Individual/HUF instead of 10%.
I am very confuse on what % of TDS rate applicable. Pls confirm me correct rate of TDs applicable on Interest other Interest on Securities w.e.f. 1.10.2009.
Regards
BALJINDER SINGH
07 November 2009
Correct rate is 10% for all the assessee. In ready reckoner rate is coorect.
07 November 2009
10% is mentioned in part 11 of The First Schedule To The finance act also.
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