tax deducted at source
This query is : Resolved
Jaspreet kaur
(Querist)
02 January 2008
i want to ask that while calculating tds under any section when is surcharge taken in rate....? pls quote with eg...
02 January 2008
Surcharge is to be taken into effect in following instances:
1) in case of payee being an individual / HUF then when the payable amount in the year exceeds Rs. 10,00,000/-
ii) in any other case when the amount exceeds Rs. 1Cr.
1) in case of payee being an individual / HUF then when the payable amount in the year exceeds Rs. 10,00,000/-
ii) in any other case when the amount exceeds Rs. 1Cr.
Jaspreet kaur
(Querist)
02 January 2008
pls elaborate further
prem pareek
(Expert)
02 January 2008
Surcharge is to be taken into effect in following instances:
1) in case of payee being an individual / HUF then when the payable amount in the year exceeds Rs. 10,00,000/-
ii) in any other case when the amount exceeds Rs. 1Cr.
1) in case of payee being an individual / HUF then when the payable amount in the year exceeds Rs. 10,00,000/-
ii) in any other case when the amount exceeds Rs. 1Cr.
Jaspreet kaur
(Querist)
02 January 2008
quote an example.......
K V Subba Rao
(Expert)
03 January 2008
Pl. refer Pages 21 to 26 of 30th edition of Singhania's Direct Taxes Ready Reckoner in which rates of TDS including SC, EC and SHEC, wherever applicable, for different classes of assesses under differnt sections of the Act are available.
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