at what rate a bank deducts TDS on fixed deposit...
or how is it calculated.
deduction of TDS
chintan mehta (Chartered Accountant) (445 Points)
10 March 2010
chintan mehta (Chartered Accountant) (445 Points)
10 March 2010at what rate a bank deducts TDS on fixed deposit...
or how is it calculated.
CA CMA Amarnath Nuthalapati
(Chartered Accountant)
(81 Points)
Replied 10 March 2010
TDS on interest will be deductable As per Sec 194A
The rate applicable is 10%
The aggrigate amount paid does not exceed Rs.10,000/- then No TDS is Deductable
CA Anshu Agarwal
(B€ @LW@¥$ ]-[@Pp¥)
(1832 Points)
Replied 11 March 2010
if payee is a domestic company, 20%
any other payee: 10%
CA Anshu Agarwal
(B€ @LW@¥$ ]-[@Pp¥)
(1832 Points)
Replied 11 March 2010
shushantsinghal
(BCOM(HONS),C.A)
(283 Points)
Replied 11 March 2010
DEAR ANUSHA...
THE RATE IS UNIFORM @ 10% FOR ALL ASSESSEE.........NO 20% NOW...
CA Anshu Agarwal
(B€ @LW@¥$ ]-[@Pp¥)
(1832 Points)
Replied 11 March 2010
| Originally posted by : shushantsinghal | ||
 |
DEAR ANUSHA... THE RATE IS UNIFORM @ 10% FOR ALL ASSESSEE.........NO 20% NOW... |
 |
u r right shushant.
perhaps i was not in knowledge of changes by finance act 2009 for tds rates, now i have to rectify myself on this aspect.
thanks
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