TDS u/s 194A
This query is : Resolved
30 September 2009
As per me after passing of this year's budget, TDS u/s 194A from payment to companies has been reduced from 20% to 10%.Please inform whether I am right or not.
Shyam Lal Naik
(Expert)
30 September 2009
Absolutely right.
30 September 2009
But the Public Sector Banks still deduct TDS @22.66%.They say they can change only when there Head office inform them.WIll RBI look in to it & do some thing.
Shyam Lal Naik
(Expert)
30 September 2009
The government officials are a great hurdle in tax administration. They are immune for any wrong action.
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