Criteria for charging Surcharge at the time T.D.S.
This query is : Resolved
15 July 2008
Dear All,
What is the creteria for charging Surcharge at the time of deducting T.D.S. in case of companies as well as individual deductees?
As per my knowledge if the deductees Taxable Income is above Rs. 1 crore surcharge @ 10% is applicable. But as we cannot know exact taxable income of deductee, we charge surcharge at 10 % in case of Pvt Ltd & Ltd. Co.s.
What is the creteria for charging Surcharge at the time of deducting T.D.S. in case of companies as well as individual deductees?
As per my knowledge if the deductees Taxable Income is above Rs. 1 crore surcharge @ 10% is applicable. But as we cannot know exact taxable income of deductee, we charge surcharge at 10 % in case of Pvt Ltd & Ltd. Co.s.
15 July 2008
There are two ways for charging surcharge on TDS for any company or individual.
One is where you made payment or credit his account by the amount of Rs 10 Lacs for individual and Rs 1 Crore in case of company.
Second way is where we assume that the income of individual or company to whom we are going to pay may exceeds the above limit of income.
One is where you made payment or credit his account by the amount of Rs 10 Lacs for individual and Rs 1 Crore in case of company.
Second way is where we assume that the income of individual or company to whom we are going to pay may exceeds the above limit of income.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Experts need help
- FTS Taxable under 115A
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Management System (IMS)
- EPF FULL & FINAL RULES IN 2026
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Condonation . E-Verification of last year return .
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
