banner_ad

Tds rate for Pvt. Ltd. Co.

Others 7444 views 6 replies

I just want to confirm......... what is the rate of tds on income by way of interest other than"  interest on securities "   for a domestic pvt. ltd. co. ?? 

 As per different views available on this site and also tds chart related  share files on this site   it is 20 %     but in    

finance act  2009 - first schedule - part II mentions ..... ....

        2. In the case of a company— (a) where the company is a domestic  company—

(i) on income by way of interest other than “Interest on securities” is 10 % ...  

winning lotteries etc                ---        30 %

winning horse races                   ----- 30 %

Any other income -------                  10 %

please clarify ...

Replies (6)

please find the attached file...

on income by way of 

winning lotteries etc                ---        30 %

winning horse races                   ----- 30 %

 

if the amount exceeds the specified limits.....

interest other than"  interest on securities " is covered under Section 194A, Why are u reading194B-194BB ??

 

Applicable rate of TDS is 10%   and exemption limit for year for TDS is Rs. 5000/-(Unless payer is Banking company, Post office or Coperative Bank -exemption limit is Rs.10000/-)

so when payment of interest on loan to pvt. co.  ..tax deducted at 10 % and no sc .....no cess for fy 2009-2010.

 can u tell me about wat s TDS rate of Professional fees u/s-194-j 

Still confusion exists.. on Sec. 194 A whether the Rate is 10% or 20% in case payee is a Co. wef 1.10.2009.Pls clarify as there are diverse views..

Dipesh


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details