What is the TDS rate on fixed deposit made by a Company? ( 1 crore and above)
Menu
TDS on fixed deposit
Replies (8)
under sec.194A @ 10%
Yes 10%
Thanks for ur response
The Company has a deposit of Rs.6 Crore with the bank since April 09
TDS has been deducted @ 22.66%. Is that Ok.
If so, from when is the new rate of 10% applicable
The TDS rate applicable on interest other that interest on securities for FY 2009-10 and FY 2010-11 is 10%
ya agree with 10%
Its ok because anyways you will be receiving Form 16A from your Bank.
The TDS rate changed from 22.66% to 10% from F.Y. 2009-10. I think from August 19, 2009.
The TDS rates are applicable from 1st October 2009 onwards.
Yup from 1st october 2009 it is @ 10%..earlier it was 20% + 10% Sur + 3% Cess
Recent Topics :
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
- Omitted sales shown in GSTR-1 Table 14 but not in
- EWAY BILL TAKE OUT OF OTHER COMPAMY
Related Topics :
CAclubindia
