TDS U/S 194 A
This query is : Resolved
20 September 2009
WHAT IS THE LATEST TDS RATES ON PAYMENT OF INTEREST TO A COMPANY U/S 194 A , IS IT 10% OR 20%
20 September 2009
Sec 194A tds rate is 20%
20 September 2009
There is no change. 20% continues.
20 September 2009
The rate for the purpose of Tax deduction at source u/s 194A has undergone change. The rate at present is 10%.
Please refer to the following :
The First Schedule, Part - II, Sl. No. 2 (a) (i)of the Finance (No. 2) Act, 2009.
vide sec 2 of the said act, the rate is deemed to have come into force on the 1st day of April'09.
Please refer to the following :
The First Schedule, Part - II, Sl. No. 2 (a) (i)of the Finance (No. 2) Act, 2009.
vide sec 2 of the said act, the rate is deemed to have come into force on the 1st day of April'09.
20 September 2009
Mr. Ramvatar SingH and Mr. Chakarpani can you please recheck it as suggested by Mr. Naik
20 September 2009
I checked The Finance (N0.2) Bill,2009 and agree with Mr. Naik. I stand corrected and the mistake is regreted.
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