Surcharge for Assessment Year 2004-05
This query is : Resolved
21 January 2011
Can anyone please tell me the rate of surcharge applicable for foreign companies for assessment year 2004-05.
if there is any conditions on the basis of which foreign company is not liable to surcharge, please let me know
Thanks
if there is any conditions on the basis of which foreign company is not liable to surcharge, please let me know
Thanks
21 January 2011
Surcharge @ 2.5% on income tax payable by foreign company has to be paid with out any ceiling limit of taxable income / marginal relief as a corollary to paragraph E of part I of the first schedule to the Finance (No.2) Act,2004.
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