Cess is applicable on sec 194 h?


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Querist : Anonymous (Querist)
01 July 2011 whether cess is applicable on sec 194 h (commission and brokerage ) for P.Y 2010-11 ?

01 July 2011 Only the base rate is applicable for TDS deduction under chapter XIIB i.e. provisions for TDs deduction.

There is no need to deduct the surcharge, cess.


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