TDS U/S 194 A
This query is : Resolved
chetan soni
(Expert)
14 September 2009
answered.
Shyam Lal Naik
(Expert)
14 September 2009
10%
14 September 2009
MR.SL NAIK TAHNKS FOR YOUR RESPONSE , CAN YOU PLEASE TELL HOW MUCH IT IN CASE PAYMENT IS BEING MADE TO OTHER THAN INDIVIDUAL AND HUF
Shyam Lal Naik
(Expert)
15 September 2009
Sir,
The differential rate of tax applicable, in case the deductee is a company has been done away with in Finance(No. 2) Act, 2009 with effect from 01.04.09.
The rate was 20% in case of company deductee and 10% in other cases. Surcharge and Edn. Cess was also applicable.
Now it is flat 10%. No Surcharge & Edn. Cess.
The differential rate of tax applicable, in case the deductee is a company has been done away with in Finance(No. 2) Act, 2009 with effect from 01.04.09.
The rate was 20% in case of company deductee and 10% in other cases. Surcharge and Edn. Cess was also applicable.
Now it is flat 10%. No Surcharge & Edn. Cess.
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