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TDS u/s 194A

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(Querist)
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.
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
30 September 2009 Absolutely right.
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GBhura

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GBhura (Querist)
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.
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Shyam Lal Naik

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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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