Surcharge on TDS

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jatinderkumar (Querist)
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31 July 2008 GD evening sir,

sir my query is related to Applicability of Surchage on TDS Rates

AS PER PROVISION IT HAS BEEN WRITTEN THAT WHEN AMOUNT OF PAYMENTS EXCEEDS RS.10 LAKH,

Sir i want to knw that for applying Surcharge on TDS whether we see AMOUNT OF PAYMENTS MADE TO DEDUCTEE OR INCOME OF DEDUCTEE???????

whether we will check the income of deductee(when it exceeds Rs.10 lakh)for applying surcharge on TDS Rates?

Jitender

Jitender (Expert)
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31 July 2008 u need to check the payment amount & not the income of deductee.

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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01 August 2008 No person will tell you his income. So how will you know the income of deductee. So, logically also, you will have to check the payment made by you to the deductee. If it crosses Rs. 10 Lacs, then only you will charge surcharge.