TDS : Exemption of Surcharge on Individual
This query is : Resolved
07 July 2009
Hi
Kindly advice,
whether Exemption of Surcharge on Individual having income more than Rs. 10 lakh pa will impact applicability of Surcharge of 10% on TDS Limits as well, i.e, is we are paying 11,00,000.00 to an Individual under sec 194 C then in that case which rate we should apply 2.06 or 2.266?????
Thanks
Kindly advice,
whether Exemption of Surcharge on Individual having income more than Rs. 10 lakh pa will impact applicability of Surcharge of 10% on TDS Limits as well, i.e, is we are paying 11,00,000.00 to an Individual under sec 194 C then in that case which rate we should apply 2.06 or 2.266?????
Thanks
07 July 2009
Hi,
As the surcharge is abolished on Individuals. Therefore the TDS is to be deducted without surcharge i.e. by 2.06 % even if the payment exceeds Rs. 10 lacs.
As the surcharge is abolished on Individuals. Therefore the TDS is to be deducted without surcharge i.e. by 2.06 % even if the payment exceeds Rs. 10 lacs.
Message likes :
1 times
10 July 2009
Agree with Ratan
10 July 2009
Agree with Ratan
22 July 2009
No need to deduct the Edn. Cess as well except in case of TDS deduction on salary.
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
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- TDS related Query_Liquidated Damages
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Long Term Service award taxability in hands of company
- Last year TDS Claim
- Free lancer income
- Form 27Q Correction statement taking too long to update on IT Portal
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
