TDS

This query is : Resolved

CA AJAY KUMAR PUROHIT (Querist)
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25 October 2009 As per new Ammendement in IT Finance Bill 2009, Sucrcharges ands Education and Helath Cess will not be deduted from 1st April 2009?
am I reight?

Ram Avtar Singh

Ram Avtar Singh (Expert)
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25 October 2009 yes, but times passed forget before 1.10.09
now continue with new TDS rate

CA. Vinod Pandey

CA. Vinod Pandey (Expert)
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25 October 2009 From 1.10.2009 there will be no surcharge, cess on TDS.

Seema

Seema (Expert)
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25 October 2009 Yes.. w.e.f 1.10.2009, surchage & education cess will not be applicable on TDS

Azmathullah Khan

Azmathullah Khan (Expert)
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26 October 2009 w.e.f 1-10-09 New amendment on TDS is applicable not from 1-4-09.

CA Apurav Agawal

CA Apurav Agawal (Expert)
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26 October 2009 Surcharge And Edu Cess are applicable only on Foreign payments in case payment exceeds 1 crore during the year.

Education Cess is applicable on Foreign Payments and salary TDS both resident and non resident.

The above provisions are applicable from 01-04-09 but new TDS rates (Basic) are applicable from 01-10-09.