Effective date of withdraw of Surcharge and Cess on TDS
This query is : Resolved
16 September 2009
As the Surcharge and Cess has been withdrawn on all catagory of TDS
a) What is the effective date of the same
b) What will happened if Surcharges and Cess allready deducted and deposited
c) What can be done with the Surcharge and Cess allready deducted but not deposited .
d) If it has been depoisted , whether the deductee will get the credit of the same
a) What is the effective date of the same
b) What will happened if Surcharges and Cess allready deducted and deposited
c) What can be done with the Surcharge and Cess allready deducted but not deposited .
d) If it has been depoisted , whether the deductee will get the credit of the same
16 September 2009
Sir,
Surchage and cess is applicable for TDS on payments to non residents. It has been withdrawn for resident assessees only.
The only exception to the above is TDS on salary paid to residents. Edn. Cess is to be deducted.
The effective date is 01.04.09
Amount deducted must be deposited. There is no provision of reversal of TDS deducted.
The deductee will get the credit.
Please seek more opinions.
Surchage and cess is applicable for TDS on payments to non residents. It has been withdrawn for resident assessees only.
The only exception to the above is TDS on salary paid to residents. Edn. Cess is to be deducted.
The effective date is 01.04.09
Amount deducted must be deposited. There is no provision of reversal of TDS deducted.
The deductee will get the credit.
Please seek more opinions.
16 September 2009
The relevant statutory provision : -
Section 2 of Finance (No. 2) Act, 2009 read as follows :
"Save as otherwise provided in this Act, sections 2 to 84 shall be deemed to have come into force on the 1st day of April, 2009"
Section 2 of Finance (No. 2) Act, 2009 read as follows :
"Save as otherwise provided in this Act, sections 2 to 84 shall be deemed to have come into force on the 1st day of April, 2009"
16 September 2009
Withdrawn w.e.f 01/4/2009.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
