regarding applicability of surcharge
This query is : Resolved
19 June 2009
dear sir
I am working in a Pvt ltd co. I make a payment of Advance tax on 15th June,these
advance tax include also Surcharge of 10% and EC & SCH inlude 3% .
But my question is that at the time of payment of TDS of Adv Contractor Surcharge in not inlude by senior---why?
( As my knowledge SC is applicable for Domestic Co. is --- net income exceeds Rs.1 crore ) -- is this regulation is for
only deductor or deductee
plz clearify me this
I am working in a Pvt ltd co. I make a payment of Advance tax on 15th June,these
advance tax include also Surcharge of 10% and EC & SCH inlude 3% .
But my question is that at the time of payment of TDS of Adv Contractor Surcharge in not inlude by senior---why?
( As my knowledge SC is applicable for Domestic Co. is --- net income exceeds Rs.1 crore ) -- is this regulation is for
only deductor or deductee
plz clearify me this
20 June 2009
As for the applicability of surcharge on TDS is concerned, deducter is liable to levy surcharge on the TDS if and only if payment to the concerned payee exceeds Rs. 1 Crore during the Year.
Likewise in case of Advance Tax is concerned surcharge has to be levied if the income crieterion fulfilled.
Likewise in case of Advance Tax is concerned surcharge has to be levied if the income crieterion fulfilled.
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
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- Provision for loans that are under Revenue Recovery
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Form 121-contradictory opinions
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
