20 November 2009
Whether surcharge & cess on TDS have been removed w.e.f. 01st Oct, 2009, please confirm and let me know the notification number and date.
20 November 2009
yes surcharge and education cess has been removed on TDS, except at the time of deduction of tds on salaries we have to deduct Education cess also
20 November 2009
In order to ease the computation of TDS, surcharge & cess have been removed w.e.f. 01.10.2009 from non salary payments to resident assessees
20 November 2009
Hi Kapil, with due respect to above answers, surcharge on TDS for the Financial year 2009-10 is applicable only when the recipient is a foreign co. and the payment / credit subject to TDS exceeds Rs. 1 crore(rate of surcharge 2.5% of TDS). in no other case, surcharge is applicable during financial year 2009-10. education cess and secondary and higher secondary education cess is applicable in the following two cases 1. TDS from payment of salary 2. TDS from payment / credit (other than salary) to a nnon-resident or a foreign co. Regards, CA Shakuntala Chhangani
You can refer Finance No. 2 2009 for the applicability of Surcharge and additional surchage (Cess), morefully section 2(11), 2(12) and the first schedule.
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