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Payment is made u/s 194c more than 1 crore

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Payment is made u/s 194C more than 1 crore . Shall we require to deduct Surcharge ? If yes then what is the % 

Replies (3)
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
No need deduct surcharge for TDS u/s 194C.
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


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