what if one has deduction only 10% tds on interest on unsecured loans nd not deducted education cess on the amount of tax deducted................nd what if one has deducted surcharge @ 10% also(in other case)........
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Education cess on TDS
Replies (2)
Hi Nuba,
Education cess and surcharge is not applicable for TDS rates from 01.04.2009. Thus, it won't be any problem if u r not deducted the TDS with education cess,
Even if deducted the TDS with surcharge @ 10%, it won't be any problem to government as u r giving extra revenue to government provided u have to pay to govt. full amount what u collected.
regards,
Manoj
Agreed with Manoj
CAclubindia
