surcharge on income tax

This query is : Resolved 

19 July 2009 Dear friends,

While deducting tds on payment of royalty to any non resident ,do we need to apply the critaria of income of 1 crore before applying surcharge on tds rate?

Regards,
Meenakshi Gupta

19 July 2009 Yes. Pl refer Part II of the first schedule(last paragraph) of The Finance (No.2) Bill,2009.

19 July 2009 agree with expert


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