tds
This query is : Resolved
amiya kumar pradhan
(Querist)
29 July 2010
From which date in the financial year 2009-10 sc, edn cess were abolished from tds
29 July 2010
It was abolished from 01.10.2009
Shyam Lal Naik
(Expert)
29 July 2010
Abolished wef FY 2008-09. wef 01.04.2009
29 July 2010
from 01/10/2009.
29 July 2010
Undermentioned provisions are applicable for Financial Year 2009-10 (A.Y. 2010-11) and w.e.f. 01.04.2009.
1. Surcharge:
No Surcharge on TDS in case of payment is made to Resident or Domestic Company
No Surcharge on TDS in case of payment is made to Non Resident other than Foreign Company
2.5% Surcharge on TDS if the recipient is a foreign company and amount exceeds Rs. 1 Crore.
2. Education Cess
No EC or SHEC on TDS in case of payment is made to Resident or Domestic Company [Other than Salary]
3% EC and SHEC (2% + 1%) on TDS in case of Salary
3% EC and SHEC (2% + 1%) on TDS in case of payment is made to Non Resident
Undermentioned provisions are applicable for Financial Year 2009-10 (A.Y. 2010-11) and w.e.f. 01.04.2009.
1. Surcharge:
No Surcharge on TDS in case of payment is made to Resident or Domestic Company
No Surcharge on TDS in case of payment is made to Non Resident other than Foreign Company
2.5% Surcharge on TDS if the recipient is a foreign company and amount exceeds Rs. 1 Crore.
2. Education Cess
No EC or SHEC on TDS in case of payment is made to Resident or Domestic Company [Other than Salary]
3% EC and SHEC (2% + 1%) on TDS in case of Salary
3% EC and SHEC (2% + 1%) on TDS in case of payment is made to Non Resident
29 July 2010
https://www.taxguru.in/income-tax/surchage-education-cess-and-applicability-on-tds-related-to-a-y-2010-11-f-y-2009-10.html
29 July 2010
Agree with Naik sir also although SC & Cess abolished wef 01.04.2009 it was effective only from 01.10.2009 as SC & Cess on TDS of the period before approval were already deducted and return also filed.
So effective date of abolition is 01.10.2009.
So effective date of abolition is 01.10.2009.
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