Dear Members
What is the correct rate of TDS (20% or 10%) for payment of interest to companies for Assessment Year 2010-11 (Financial year 31.03.2010_.
In Taxman book it has been mentioned as 10%. However in lot of websites the rate has been mentioned as 20%. In the Income Tax Department of Bangalore website the rate has been mentioned as 20%.
If the rate is 10% please inform the date of notification or circular...etc
with regards
Muralidharan
TDS u/s 194 A - FROM 01.10.2009
PAYMENT OF INTEREST TO DOMESTIC COMPANIES - 10%
PAYMENT OF INTEREST TO A RESIDENT OTHER THAN DOMESTIC COMPANIES - 10%
THRESHOLD LIMIT IS RS. 5,000/- .
ITS 10% IN BOTH CASES
EITHER COMPANY OR NON COMPANY
IT IS CONFIRM
194A tds applicable only 10% only( not charge surcharge + education cess after 19.08.2009 )after 01.10.2009 or ( all status of income tax assessee)
10% for all assessee
tds chart
MR. RAJAN, SUNIL & ADITYA ARE CORRECT
RATE IS 10% FOR ALL ASSESSEES...
ACTUALLY MY EARLIER REPLY WAS BASED ON THE READY RECKONNER...
| Originally posted by : Rajnish Amipara | ||
 hi, pls. find attached rate chart for the f.y. 09-10 |
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regards
Rajnish
ya its 10% from 1-10-09
10%
its 10% for all the assessee w.e.f 01.10.2009. without surcarge & e.c
itz 10% for companies as well as non companies with a threshold limit of Rs.5,000/-
10% from 01-10-2009
Aggarwal Sarawagi and Co
New Delhi
CA
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CAclubindia
