tds
This query is : Resolved
18 August 2009
hi , i just read somewhere that for financial year 1.4.2009 onwards, education cess need not be deducted when deducting tax at source.. have i read it right ?
CA CHINTAN AJMERA
(Expert)
18 August 2009
No It's Wrong.
19 August 2009
It is applicable from 1.10.2009, No need to deduct EC & S/c after 01.10.09
Shyam Lal Naik
(Expert)
19 August 2009
Mr. Amy,
You are right. Surcharge & Cess has been removed from TDS perview with effect from 01.04.2009 vide Finance (No. 2) Act, 2009.
The general obsession with 1st Oct'09 is incorrect.
You are right. Surcharge & Cess has been removed from TDS perview with effect from 01.04.2009 vide Finance (No. 2) Act, 2009.
The general obsession with 1st Oct'09 is incorrect.
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