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TDS Rate Chart FY 2009 - 2010

CA CS CIMA Prakash Somani (Landmark Group) (23512 Points)

15 January 2010

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19 Replies

CA CS CIMA Prakash Somani (Landmark Group) (23512 Points)
Replied 15 January 2010

you can also upload this chart in excel file from files section

Aditya Maheshwari (CA in Practice) (35867 Points)
Replied 15 January 2010

As per section 194A as amended by the finance Act, 2009, interest paid to company is liable for deduction @ 10% and not 20% as mentioned by you. Kindly verify and revert

Jitendra Jhanwar (Officer) (129 Points)
Replied 15 January 2010

Dear Prakash,

As you mentioned in Section 194I that if Pan no. is not quoted then rate wil be 20%

This provision applicable for A.Y. 2011-2012 not for A.Y. 2010-11.

Kindly verify and revert.

CA. RUPESH JOSHI (Chartered Accountant) (174 Points)
Replied 15 January 2010

The Rate of TDS will be 20% in all cases, if PAN is not quoted by the deductee (including transporter) w.e.f. 01-04-2010

1 Like

Rakesh Jain (Businessman) (456 Points)
Replied 15 January 2010

Hey Frns,

Get Correct updated TDS chart form this link - https://www.caclubindia.com/forum/messages/2010/1/62787_updated_tds_chart_download.asp

RAM KUMAR.K.S (EMPLOYEE) (167 Points)
Replied 15 January 2010

thanq rajesh and prakash for ur valuable works for us...

HARISH SP (STUDENT) (72 Points)
Replied 16 January 2010

Thank u sir

saurabh (Auditor) (30 Points)
Replied 16 January 2010

thank u sir

RADHIKA JALAN (agarwal) (1521 Points)
Replied 16 January 2010

thanx..........

CA CS CIMA Prakash Somani (Landmark Group) (23512 Points)
Replied 18 January 2010

Hi Asitya, Thanks for your correction. pls let me know whether these changes are made afterwords :) Becasue this chart i prepared when the first budget was introduced.

Originally posted by : Aditya Maheshwari
	As per section 194A as amended by the finance Act, 2009, interest paid to company is liable for deduction @ 10% and not 20% as mentioned by you. Kindly verify and revert

CA CS CIMA Prakash Somani (Landmark Group) (23512 Points)
Replied 18 January 2010

Thanks for sggestions but i think these changes are made after words. I will correct it. ok.

Originally posted by : Jitendra Jhanwar
	Dear Prakash, As you mentioned in Section 194I that if Pan no. is not quoted then rate wil be 20% This provision applicable for A.Y. 2011-2012 not for A.Y. 2010-11. Kindly verify and revert.

CA CS CIMA Prakash Somani (Landmark Group) (23512 Points)
Replied 18 January 2010

1 Like

PRAVEEN KUMAR (MBA (Finance) B.Com.(P)) (3443 Points)
Replied 18 January 2010

Bhai Prakash,

Upload nahin Download....

Just kidding....

:-)

Originally posted by : CA CS* Prakash Somani (A helping Hand)
	you can also upload this chart in excel file from files section

Aditya Maheshwari (CA in Practice) (35867 Points)
Replied 18 January 2010

Originally posted by : CA CS* Prakash Somani (A helping Hand)
	Hi Asitya, Thanks for your correction. pls let me know whether these changes are made afterwords :) Becasue this chart i prepared when the first budget was introduced. Originally posted by : Aditya Maheshwari As per section 194A as amended by the finance Act, 2009, interest paid to company is liable for deduction @ 10% and not 20% as mentioned by you. Kindly verify and revert

Dear Sir,

The rates were changed by the Finance Act 2009 and during the budget no such provision was introduced. Also the ready reckoner mentions the rate as 20% to create more confusion. The finance act 2009 is attached herewith. Refer page 41. So please verify and revert.