change in TDS provisions 2010

please read it in attached file

Thanks for sharing

Thank you very much.........

I do not under stand the one thing as you metion in your 3rd point such as section 203(3) and 206c(5) ommitted 01-04-10( regarding  the no requirement for tds/tcs certificate if deducted/collected on or after 01-04-10)

Regards

Pramod Solanki

I do not under stand the one thing as you metion in your 3rd point such as section 203(3) and 206c(5) ommitted 01-04-10( regarding  the no requirement for tds/tcs certificate if deducted/collected on or after 01-04-10)

Regards

Pramod Solanki

-

please refer to 3rd line in my post,

in this replace the section 206C(5) with the "FIRST PROVISO TO SECTION 206C(5)"

 THANK    Thanking YOu

  THANKING

follwoing is the existing section 203(3)

Where the tax has been deducted or paid in accordance with the foregoing provisions of this Chapter on or after the 1st day of April, [2010], there shall be no requirement to furnish a certificate referred to in sub-section (1) or, as the case may be, sub-section (2).]

now this subsection shall be ommitted w.r.e.f 01-04-2010

the follwing is the existing 'First Proviso to section 206C(5) 

Provided that no certificate may be furnished in a case where tax has been collected in accordance with the foregoing provisions of this section on or after the 1st day of April, [2010] :

now this proviso shall be ommitted w.r.e.f. 01-04-2010

Hi anshu agarwal........please see this link.........

https://www.caclubindia.com/forum/tds-rate-chart-71418.asp

 please refer to second point also:

the follwoing is new provision:

Without prejudice to the provisions of sub-section (1), if any such person, principal officer or company as is referred to in that sub-section does not deduct the whole or any part of the tax or after deducting fails to pay the tax as required by or under this Act, he or it shall be liable to pay simple interest,—
 

(i) at one per cent. for every month or part of a month on the amount of such tax from the date on which such tax was deductible to the date on which such tax is deducted; and
 

(ii) at one and one-half per cent. for every month or part of a month on the amount of such tax from the date on which such tax was deducted to the date on which such tax is actually paid,

this shall also be applicable w.e.f. 01-07-2010

please consider correct spelling "omitted" instead of "ommitted".

please check the following :

/forum/new-and-old-tds-provisions-71577.asp

please visit the follwoing;

/forum/new-and-old-tds-provisions-71577.asp