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TDS

Tax queries 846 views 5 replies

 Sir,

Is Education Cess is applicable with TDS Rate wef 01.10.2009. (Pls give example)?

Should deduct TDS on service paid in consultancy service. (pls give example with case law)?

waiting for urgent reply.

 

Ranjay Kumar

talktoranjay @ yahoo.co.in

 

 

Replies (5)

no surcharge and ec are not deductible as tds after 01.10.2009. suppose you hav to deduct tds on contract payment of rs 100,000. you would deduct tds of rs 100,000*2%=2000, and pay rs 98000 net..

The above is correct

surchage and cess is only applicable for TDS deducted on Salary from 1/10/2009 pls correct if wrong

Originally posted by :Devendra
" surchage and cess is only applicable for TDS deducted on Salary from 1/10/2009 pls correct if wrong "

Dear Devendra,
 

Only EC & SHEC are applicable NOT SURCHARGE in case of TDS on Salary.

 

aaaah forgot ammendment


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