Payment is made u/s 194C more than 1 crore . Shall we require to deduct Surcharge ? If yes then what is the %
3 Replies
Aashish Bansal
(Article)
(698 Points)
Replied 29 January 2019
no only 1/2% is required to be deducted... no surcharge is considered.. it is only considered for salary or in case of payment to non residents
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 29 January 2019
No need deduct surcharge for TDS u/s 194C.
santosh kumar gupta
(MANAGER FINANCE & ACCOUNT IN ISHAAN INFR)
(83 Points)
Replied 01 February 2019
Surcharge is applicable, only when payment made by the deductor exceeds the threshhold limit. Surcharge on TDS has nothing to do with the gross receipt or annual income of the deductee. The deductor is no where required to enquire into such details, nor the deductee is required to provide such details. The auditors contention is annoying. Surcharge is applicable, if payment exceeds the threshhold limit, even if the annual income of the deductee is in the negative.
Read more at: https://www.caclubindia.com/experts/when-tds-surcharge-is-applicable-86661.asp
Read more at: https://www.caclubindia.com/experts/when-tds-surcharge-is-applicable-86661.asp
Recent Topics
- Foreign Remittance amount
- TDS on provisions by client resulting in higher tu
- Guidance Requested: Best Books & Info for CS P
- Navigating GST Notices: When 'Lapses' Aren't 'Frau
- Query on POS in GST
- Merger – Filing of ITRs and Section 170A Com
- OCI ( Overseas Citizen of India ) buying property
- Initial Foreign Investment in a private limited co
- Basic questions on parents buying property for the
- 26 AS.NOT ABLE TO LOGIN TO TRACES
Related Threads
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
