CA Amit Jaiswal (Finance Manager) (2720 Points)
03 February 2010what is the rate of TDS u/s 194A wef 1st October 2009??????
Are the rates different for individual,HUF and others???
I have seen various rates like 10% for individual and HUF and 20% for others
And also 10% for all
so there is confusion
Can anyone clarify it
Amir
(Learner)
(4016 Points)
Replied 03 February 2010
Dear Amit,
Rate is 10% for all Resident assesses.......
C.Balaji
(Learner)
(1867 Points)
Replied 03 February 2010
Mr.Amit
Please see the attachment it will be useful for u..
CA Amit Jaiswal
(Finance Manager)
(2720 Points)
Replied 03 February 2010
hi
recently i have seen all the amendments in incometaxindia.gov.in and there were no any such amendments in rates of TDS u/s 194A by Finance(2) Act 2009
also the supplementary model published by ICAI on DT and IDT final has not mentioned any such changes
i have also downloaded TDS charts for FY 2009-10 from the sites of various experts and forums and there is also confusion regarding this
so please if any one can provide me with authentic rate
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 03 February 2010
Mangala G.
(CA)
(59 Points)
Replied 03 February 2010
(section 194 A)In case of individual and HUF, the rate is 10% and for others it is 20%
Deblina Nandi Roy
(Chartered Accountant)
(84 Points)
Replied 22 April 2010
i agree with Aditya. The TDS rate U/S 194A is 10% even if resident is corprate assessee w.e.f. from 1.4.2009. No confusion abt that.
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 23 April 2010
The tax rate is @ 10% u/s 194A to all assessee. Employer should deduct TDS if employee crosses his/her basic exemption limit.
CA Gaurav Choradia
(Relationship Manager )
(418 Points)
Replied 23 April 2010
there is only two rate from 1/10/09 i.e.:
if payment made to resident ----- 10%
if payment made to Non resident ----- 30.9%
Rachit
(Analyst)
(913 Points)
Replied 23 April 2010
PAYMENT OF INTEREST TO NON-RESIDENTS FALLS u/s. 195 and not sec 194A.
Sec 115A(1)(a)(B) of the I. Tax Act, 1961, prescribes withholding tax rate on interest paid to non-residents @ 20.60%.
CAclubindia
