Rate of TDS u/s 194A

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

Replies (14)

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  


 

regards 

Rajnish

 10% 

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

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