TDS on payment more than 1 Crore - Professional Services
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 July 2010
Whether on payment for Professional services more than Rs 1 crore to Individuals, Firms, HUF, company ( all residents ) surcharge and education cess @ 7.5% and 3% applicable on 10% u/s 194J.
OR is it applicable only to Companies . Pl confirm.
OR is it applicable only to Companies . Pl confirm.
21 July 2010
no surcharge and education cess should be added to the rate applicable other than for salaries
only the basic rate should be deducted. Amended by finance act (2) 2009.
ie if it is 194J just 10%, if it is 194C 1% or 2% as the case may be
only the basic rate should be deducted. Amended by finance act (2) 2009.
ie if it is 194J just 10%, if it is 194C 1% or 2% as the case may be
CA Sanat Pyne
(Expert)
21 July 2010
AGREE , OTHER THAN SALARY , ONLY BASIC RATE WILL BE APPLCABLE.
21 July 2010
Agree....only base rate @ 10 % would be applicable...
No surcharge or education cess w.e.f 01/10/2009....
No surcharge or education cess w.e.f 01/10/2009....
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