TDS u/s 194-A (FOR COMPANY)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 April 2010
Dear All Friend
Good morning
I have query about company tds u/s 194-A (interest for bank example:-india bulls),I saw many tax side yesterday it saw interest percentage is 20% instead of 10%...now i am confuse which percentage taken...when budget come all side saw 10%..but now its correction and taken 20%...i am also going to income tax department yesterday..i meet income tax office..he also told 10% is taken...and please replay proper evidence or circular as soon as possible..
thanks in advance..
regds
mukesh katara
gandhidham
Good morning
I have query about company tds u/s 194-A (interest for bank example:-india bulls),I saw many tax side yesterday it saw interest percentage is 20% instead of 10%...now i am confuse which percentage taken...when budget come all side saw 10%..but now its correction and taken 20%...i am also going to income tax department yesterday..i meet income tax office..he also told 10% is taken...and please replay proper evidence or circular as soon as possible..
thanks in advance..
regds
mukesh katara
gandhidham
01 April 2010
The correct rate is 10%. There is no circular to this effect. However the evidence,the term you used, is Part II of The First Schedule,clause 2(a), of the Finance (No. 2) Act,2009.
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 April 2010
thanx sir..
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
- Post Office RD Interest
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Applicable TDS for Purchase of Flat from NRI
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Form 10BD Filling
- TDS ON CASH WITHDRAWALS...
- 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
- GST Refund_RFD-01
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
