Surcharge on TDS
This query is : Resolved
jatinderkumar
(Querist)
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?
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?
31 July 2008
u need to check the payment amount & not the income of deductee.
CA.Tarun Maheshwari
(Expert)
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.
Tarun Gupta
(Expert)
01 August 2008
yes i agree with both of them
Tarun Gupta
(Expert)
01 August 2008
yes i agree with both of them
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