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