Legal Change (Budget July 2009) for India related to Tax Deducted at Source (TDS) - Tax Rate Changes with effect from 1st October, 2009
Following change's are made in tax rate schedule:-
Section | Rate Type | Old Rate(%) | New Rate(%) |
194A | 1-Standard | 20 | 10 |
194A | 7-Custom or Reduced | 20 | 10 |
194C | 4-SubContract | 1 | 2 |
194D | 1-Standard | 20 | 10 |
194I | 7-Custom or Reduced | 15 | 2 |
194I | 6-Rent: Land/Buil/Fur | 15 | 2 |
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