surcharge on other than foreign companies

Tax queries 1709 views 1 replies

surcharge on foreign companies is 2.5%, if assesee is foreign non-company, than what will be the surcharge rate. is it 10% or 2.5%. pls clarify...

Replies (1)

Surcharge @ 10% and 5%  is only on Domestic and Foreign Company respectively , if net income exceeds Rs.1 crore. Otherwise no surcharge. (Asstt Year 2010-11). Thus, on Foeign Non-Company, no surcharge.


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