NRI tds rate on capital gain

TDS / TCS 2051 views 3 replies

Whether we have to deduct the surcharge & cess ( edu & higher cess)  on NRI investor for the year AY 2010-11 .

Replies (3)

YES BECAUSE NEW CODE IS FROM F.T 10-11 IF ENACTED AS LAW

i am not asking about new code i want to know current rate of surcharge & cess for nri tds as in current budget govt. announced as surchage & cess not required to deduct if payer is resident.

Originally posted by :djtauraus
" YES BECAUSE NEW CODE IS FROM F.T 10-11 IF ENACTED AS LAW "


 

Dear Vishnu,

 

For TDS on other sum under section 195 to Non Resident (Not being Company other than Domestic Company) no surcharge shall be levied by virtue of section 2(5) read with first schedule of Finance Act No. 2, 2009.

 

Further additional surcharge i.e. Education cess and Secondary and Higher secdary Cess shall apply at the rate of 2% and 1% respectively on TDS amount. refer section 2(11) and 2(12) of Finance Act No. 2, 2009.

 

Do revert if you are not satisfied.

 

Thanks


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