TDS
This query is : Resolved
05 August 2010
DEAR SIR,
IS SURCHARGE & CESS APPLICABLE ON RATE OF TDS FOR P.Y 2009-2010. ON PROFESSIONAL SERVICES ?
IS SURCHARGE & CESS APPLICABLE ON RATE OF TDS FOR P.Y 2009-2010. ON PROFESSIONAL SERVICES ?
05 August 2010
W. e. f. 01.10.2009 no SURCHARGE & CESS on all TDS payments except u/s 192 on salary.
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05 August 2010
SURCHARGES AND CESS HAS BEEN ABOLISHED W.E.F. 01.10.2009 ON TDS DEDUCTIONS UNDER ALL SECTIONS EXCEPT U/S 192 (TDS ON SALARIES)
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05 August 2010
Yes, upto 30-09-2009, EC & SC(select income band cases)both were atracted in TDS rate application. However, from 01-10-2009, no surcharge/cess on applicable on TDS on non-salary payments made to resident taxpayers (in the case of non-salary payments to non-residents, still both are applicable). From then on, TDS is deducted as per Basic rate only as given in the respective sections. However, education cess is to be deducted in the case of salary payments. Surcharge on individual and HUF assessees was also abolished for fy 2009-10.
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05 August 2010
Agree with the experts
05 August 2010
W.E.F 01-10-2009, Surcharge & E.Cess is not applicable on TDS (except TDS on salary u/s 192) when the payment is made to a resident.
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