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Requir circular for waive of surcharge and cess on tds

This query is : Resolved 
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(Querist)
04 June 2010 PLZ URGENT
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
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.
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