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SURCHARGE

This query is : Resolved 
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(Querist)
26 September 2009
Dear Friends

Is there any surcharges for domestic company even if net income is less than One Crore for FY 2008-2009 (AY 2009-2010)

Regards
Ajith
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Chandresh Pitroda

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Chandresh Pitroda (Expert)
26 September 2009 No,
if we made a payment exceeding then Surcharge will be applicable.
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CA Suresh Choudhary

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CA Suresh Choudhary (Expert)
26 September 2009 agree
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CP Ram

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CP Ram (Expert)
26 September 2009 No, surcharge is not applicable if the net income of domestic company is less than Rs.1 crore for the f.y. 08-09 and a.y. 09-10..
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