Reg. TDS dducted for frieght & Professional Services

This query is : Open

Karun Dawar (Querist)
Follow

08 May 2009 HI... This is Karun, Nwe user here.
I just want to know that if we are deducting TDS for Professional Charges from any Party's payment, how could we get that whether the party is coming undr the surcharge slab or not............

for example.....
ABC co. deducting TDS from the Professional Services provided by YZ & Co., a firm..... & now i dont know whether TDS cut should be 10.30% (without surcharge) or 11.33% (with surcharge).

CA MEENAKSHI MANGLA

CA MEENAKSHI MANGLA (Expert)
Follow

09 May 2009 when we contract from party it is estimated how much bill be raise or it is not estimated then we have to deposited surcharge with interest

taxindiaconnect

taxindiaconnect (Expert)
Follow

09 May 2009 If the estimated payment being made or likely to be made exceds Rs 0ne crore by you, you need to deduct surchage also. No need to add surcharge if the payment made is less the one crore.

Karun Dawar

Karun Dawar (Querist)
Follow

12 May 2009 Thanx for the reply....

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Lalan Kumar Jha

Vidit Ratanghayra

Suneel Shah

Ravikumar

Ritesh Panpaliya

Subscribe Now

Reg. TDS dducted for frieght & Professional Services

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Accountant

GST CONSULTANCY

Manager- Finance and Compliance

CA Final

GST CONSULTANT