Requir circular for waive of surcharge and cess on tds
This query is : Resolved
04 June 2010
tHERE IS NO CIRCULAR FOR IT. IT IS
AS PER BUDGET 2009( FROM 6TH JULY 2009)
SURCHARGE IS APPLICABLE FOR TDS PURPOSES ONLY WHEN THE RECIPIENT IS A FOREIGN COMPANY AND PAYMENT/CREDIT SUBJECT TO TDS EXCEEDS RS.1 CRORE. IN NO OTHER CASE , SURCHARGE IS APPLICABLE AT THE TIME OF DEDUCTION OF TAX AT SOURCE.
EDUCATION CESS AND SECONDARY AND HIGHER EDUCATION CESS ARE APPLICABLE FOR TDS PURPOSES ONLY IN CASE OF TAX DEDUCTION FROM PAYMENT OF SALARY TO A RESIDENT OR A NON-RESIDENT.
EDUCATION CESS AND SECONDARY AND HIGHER EDUCATION CESS ARE ALSO APPLICABLE IN CASE OF PAYMENT OR CREDIT OF ANY OTHER SUM TO A NON-RESIDENT OR A FOREIGN COMPANY.
IN NO OTHER CASE, EDUCATION CESS AND SECONDARY AND HIGHER EDUCATION CESS ARE APPLICABLE FOR TDS PURPOSES.
IN SUMMARIZED, NOW TDS IS DEDUCTED AT THE BASIC RATE EXCEPT SALARY AND PAYMENT MADE TO NON-RESEIDNT/FOREIGN COMPAY.
AS PER BUDGET 2009( FROM 6TH JULY 2009)
SURCHARGE IS APPLICABLE FOR TDS PURPOSES ONLY WHEN THE RECIPIENT IS A FOREIGN COMPANY AND PAYMENT/CREDIT SUBJECT TO TDS EXCEEDS RS.1 CRORE. IN NO OTHER CASE , SURCHARGE IS APPLICABLE AT THE TIME OF DEDUCTION OF TAX AT SOURCE.
EDUCATION CESS AND SECONDARY AND HIGHER EDUCATION CESS ARE APPLICABLE FOR TDS PURPOSES ONLY IN CASE OF TAX DEDUCTION FROM PAYMENT OF SALARY TO A RESIDENT OR A NON-RESIDENT.
EDUCATION CESS AND SECONDARY AND HIGHER EDUCATION CESS ARE ALSO APPLICABLE IN CASE OF PAYMENT OR CREDIT OF ANY OTHER SUM TO A NON-RESIDENT OR A FOREIGN COMPANY.
IN NO OTHER CASE, EDUCATION CESS AND SECONDARY AND HIGHER EDUCATION CESS ARE APPLICABLE FOR TDS PURPOSES.
IN SUMMARIZED, NOW TDS IS DEDUCTED AT THE BASIC RATE EXCEPT SALARY AND PAYMENT MADE TO NON-RESEIDNT/FOREIGN COMPAY.
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
