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.
17 January 2011
No surcharge & e.cess applicable for TDS on interest
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..
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
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Management System (IMS)
- FTS Taxable under 115A
- Experts need help
- Gift Received from nonblood relative
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
