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Discussion > Income Tax > TDS >

SURCHARGE ON TDS

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Going...to be C.A soon...

[ Scorecard : 1199]
Posted On 04 August 2007 at 06:50 Report Abuse

HELLO,

i have to give rent payment to a private co. so plz tell me whether i have to deduct surcharge tax on payment or not?

and what is the meaning of (surcharge should be deducted when co. income exceeds Rs. 1 crore.)

 

Thanks

 


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Late CA Sampat Jain
Chartered Accountant

[ Scorecard : 4717]
Posted On 04 August 2007 at 08:00

If the income paid i.e payment of rent is more than Rs 1 crore than only surcharge is to be deducted




Ravi Bhushan Ambastha
pvt service

[ Scorecard : 20]
Posted On 06 August 2007 at 01:23

surchage wil be deducted only when the gross income of the payee(landlord) is more than 1crore ,and the rate of surcharge is @ 10% on the TDS. THANKS



Neeta Gupta

[ Scorecard : 83]
Posted On 09 August 2007 at 23:16

Dear Friend If you will pay above 1 cr.rent in a year then you have to deduct surcharge otherwise there is no need to deduct tds on rent paid.



Nitesh
Chartered Accountant

[ Scorecard : 340]
Posted On 11 August 2007 at 01:38

On the safer side you should deduct surcharge on payment



(Guest)
Posted On 16 May 2008 at 21:06

please inform me the tds % and surcharge on tds for payment of contractor




(Guest)
Posted On 04 September 2008 at 12:00

Originally posted by :Guest
" please inform me the tds % and surcharge on tds for payment of contractor and also the surcharge on TDS if deducted at lower rate, say 0.25% to Transport Contractor "


 




Harshal Shah
Article

[ Scorecard : 22]
Posted On 02 June 2009 at 12:36

Total Contract Payment to a Party(Individual) in the Financial year is 11 Lakhs in parts. Now, Whether Surcharge on TDS is levied on Full 11 lakhs or only exceeding amount than 10 lakhs i.e. Rs.1 Lakh




CA. Gurdeep Singh Chawla
C A

[ Scorecard : 7032]
Posted On 02 June 2009 at 12:42

Originally posted by :Harshal Shah
" Total Contract Payment to a Party(Individual) in the Financial year is 11 Lakhs in parts. Now, Whether Surcharge on TDS is levied on Full 11 lakhs or only exceeding amount than 10 lakhs i.e. Rs.1 Lakh "

TDS is leived on Rs. 11.00 lacs.




Anant
Asst Mgr

[ Scorecard : 22]
Posted On 14 August 2009 at 14:35

Originally posted by :Neeta Gupta
" Dear Friend



If you will pay above 1 cr.rent in a year then you have to deduct surcharge otherwise there is no need to deduct tds on rent paid.
"

Dear Neeta

If you will pay above 1 cr.rent in a year then you have to deduct surcharge otherwise there is no need to deduct tds on rent paid.

i think it would be surcharge than  tds on rent 

 

 



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