Effective date of withdraw of Surcharge and Cess on TDS

This query is : Resolved

CA HANI (Querist)
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16 September 2009 As the Surcharge and Cess has been withdrawn on all catagory of TDS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

Shyam Lal Naik

Shyam Lal Naik (Expert)
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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 It has been withdrawn for resident assessees only.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.

Jitender

Jitender (Expert)
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16 September 2009 effective date is 19.8.2009

Shyam Lal Naik

Shyam Lal Naik (Expert)
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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"