surcharge on tds
This query is : Resolved
26 June 2008
can anybody confirm that whether surcharge is leviable if the Payment or INCOME of party does not cross the respective limits of 1 crore and 10 lacs.thanks in advance
26 June 2008
if payment is made to co/p'ship firm-then limit for surcharge is 1 crorte.
ir to individual-10 lac
ir to individual-10 lac
27 June 2008
28 June 2008
thanks for the reply jitender but my question is what is this limit ...what is this limit of 1 crore and 10 lacs..is it turnover/ income of party whose Tds we are deducting or is this the amount of payment(if payment to that party exceeds limitys then only levy surcharge)
27 October 2008
It is the aggregate of payment by you or amount credited in the name of party in your books, whichever is earlier.
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
