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Surcharge

niloy sanyal (account manager) (777 Points)

02 July 2011

I deducted TDS for (resident in West Bengal) 94I(Rent-For land), 94J(Technical service) and 94H(Comission) schedule this year (Financial year 2011-12) @ 10% respectively.

This is write or Wrong?

and also tell me that can I charge Education Cess also .

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13 Replies

Vikas Gupta (CHARTERED ACCOUNTANT) (16295 Points)
Replied 02 July 2011

W.E.F 01/10/2009 Surcharge, Educess and Higher Edu Cess not charge while deduction TDS Except in case of TDS on Salary U/s 192

CA Himanshu Khurana (Chartered Accountant) (813 Points)
Replied 02 July 2011

right

as per income tax amandement Education cess Can not be dedudted On TDs Payment made to resident

If Payment made NRI Then Edu. Cess Deduted

Anjaly.P.A ( Article( CA Final)) (221 Points)
Replied 02 July 2011

TDS Chart for the Financial Year 2010-2011.

Attached File : 249962 756671 tds.xls downloaded: 138 times

VINEET Roongta (Partner) (27 Points)
Replied 02 July 2011

yes,

anjaly is correct

CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 02 July 2011

Originally posted by : Vikas Gupta
	W.E.F 01/10/2009 Surcharge, Educess and Higher Edu Cess not charge while deduction TDS Except in case of TDS on Salary U/s 192

agreed

Rup Kumar (finance manager) (288 Points)
Replied 04 July 2011

The TDS rate in case of resident U/S 194 I (Rent-For land), 194J(Technical service) and 94H(Comission) is 10% for Financial year 2011-12 (20% in case of not provinding the PAN)

So wrong of right steps is depend on the situation

Moreover no Educaton cess is required to deducted for above section for F.Y 2011-12.