TDS
This query is : Resolved
05 November 2009
We have obtained Lower TDS certificates from various parties which contains TDS + SUrcharge & Cess. As per Budget 2009-10 surcharge & Cess has been removed from TDS. So whether we have to deduct TDS from these parties on TDS+Surcharge & Cess or to deduct TDS only on Principal TDS amt.( We have not yet received revised Lower tDS certificates from parties).Presently we are deducting TDS on including Surcharge & Cess as it is safer from our side.
Pl suggest the LAW & give any reference ( Notification, circular, Act).
Regards,
Pravin
Pl suggest the LAW & give any reference ( Notification, circular, Act).
Regards,
Pravin
CA kajal Das
(Expert)
05 November 2009
It is proposed to remove surcharge and cess on tax deducted on non-salary payments made to resident taxpayers.
W.e.f: Proposed amendment will be applicable for deduction of tax during FY 2009-10.
W.e.f: Proposed amendment will be applicable for deduction of tax during FY 2009-10.
CA kajal Das
(Expert)
05 November 2009
It is proposed to remove surcharge and cess on tax deducted on non-salary payments made to resident taxpayers.
W.e.f: Proposed amendment will be applicable for deduction of tax during FY 2009-10.
W.e.f: Proposed amendment will be applicable for deduction of tax during FY 2009-10.
Praveen Sharma
(Expert)
06 November 2009
you should deduct only % applicable on it. as th surcharge & cess is removed from Oct1st.
Regards
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
