Reg. TDS dducted for frieght & Professional Services
This query is : Open
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).
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).
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
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.
12 May 2009
Thanx for the reply....
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