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
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.
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.
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
