Finance Bill (No 2) 2009 was passed by Lok Sabha on July 27,2009 with certain amendments. The Action points and analysis of provisions related to TDS is attempted in this article.
Changes effective from passing of Finance Bill.
Simplification of TDS Rates
Changes effective from 01-10-2009
Change in TDS Rate for payments / credit from 01-10-2009
Penal TDS Rate if PAN not furnished