Surcharge on TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 January 2011
sir
plz help can u charge the Surcharge & cess while deducting TDS on payment of Interest.
plz help can u charge the Surcharge & cess while deducting TDS on payment of Interest.
CMA Ramesh Krishnan
(Expert)
17 January 2011
No surcharge & e.cess applicable for TDS on interest
CA. Praveen Narayan
(Expert)
17 January 2011
Hi Dear.. applicability of cess & surcharge
a) Surcharge:
1 No Surcharge on TDS in case of payment is made to Resident or Domestic Company
2 No Surcharge on TDS in case of payment is made to Non Resident other than Foreign Company
3 2.5% Surcharge on TDS if the recipient is a foreign company and amount exceeds Rs. 1 Crore.
b) Education Cess
1 No EC or SHEC on TDS in case of payment is made to Resident or Domestic Company [Other than Salary]
2 3% cess on TDS in case of Salary
3 3% cess on TDS in case of payment is made to Non Resident
So chargeabilty of cess n sc depends on type of recipient..
a) Surcharge:
1 No Surcharge on TDS in case of payment is made to Resident or Domestic Company
2 No Surcharge on TDS in case of payment is made to Non Resident other than Foreign Company
3 2.5% Surcharge on TDS if the recipient is a foreign company and amount exceeds Rs. 1 Crore.
b) Education Cess
1 No EC or SHEC on TDS in case of payment is made to Resident or Domestic Company [Other than Salary]
2 3% cess on TDS in case of Salary
3 3% cess on TDS in case of payment is made to Non Resident
So chargeabilty of cess n sc depends on type of recipient..
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