Reg. TDS dducted for frieght & Professional Services

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Karun Dawar (Querist)
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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)
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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)
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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)
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12 May 2009 Thanx for the reply....

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