Surcharge & Cess on TDS
This query is : Resolved
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 No cess and surcharge
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
Agree
20 November 2009
agreed with experts.
20 November 2009
yes it been removed....
20 November 2009
agree
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
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
20 November 2009
Dear Mr. Kapil Gupta,
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.
Regards
Juzer
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.
Regards
Juzer
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- Loan by Partnership Firm
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Last year TDS Claim
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
