12 January 2010
Hi! If we are making payment to non resident and rate of TDS is 10% then while grossing up we will consider surcharge & education cess or not .i.e., 90% (100-10) or 89.4425% [100-10.5575{10%+2.5%(surcharge)+3% (Ed. cess)}]
19 January 2010
you need to consider Education Cess and Secondary and higher education cess. But if it is not a foreign company then Surcharge is not applicable. Surchase is applicable only when the receiptent is a foreign company is payment/credit subject to TDS exceeds Rs. 1 Crore.
19 January 2010
you need to consider Education Cess and Secondary and higher education cess. But if it is not a foreign company then Surcharge is not applicable. Surchase is applicable only when the receiptent is a foreign company is payment/credit subject to TDS exceeds Rs. 1 Crore.
19 January 2010
you need to consider Education Cess and Secondary and higher education cess. But if it is not a foreign company then Surcharge is not applicable. Surchase is applicable only when the receiptent is a foreign company is payment/credit subject to TDS exceeds Rs. 1 Crore.
19 January 2010
you need to consider Education Cess and Secondary and higher education cess. But if it is not a foreign company then Surcharge is not applicable. Surchase is applicable only when the receiptent is a foreign company is payment/credit subject to TDS exceeds Rs. 1 Crore.
CAclubindia
