TDS

Dear Tarun,

Surcharge, Education Cess and Higher & Secondary Education Cess has been removed with effect from 1.10.2009.

So the payment or credits made for the period from 1.04.09 to 30.09.09 will attract surcharge, education cess and higher & secndary education cess.

However, It shall be noted that Education cess and higher & secondary education cess is nil on all deductions except salaries.

Fatema,

What is the reference for it stating "with effect from 01/10/2009"??

Becuase, Finance act reads as with effect from April 01 2009!! There is no other specific mention for TDS -> Surcharge/Cess effective date!!

Can you please throw little more light on this?

-Vijay

Fatema

I think Surcharge is applicable for section 195 also  apart from salaries correct me if i am wrong

Sivaram,

U r correct.

cess & surcharge has been abolished from tds w.e.f  01.04.09

Yes, tarun is correct

Tarun,

Surcharge & Cesses are not applicable w.e.f. 01.04.2009 & rates regarding contract & rent have been changed w.e.f. 01.10.09. Don't be confused.

Good evening to everybody

Dear,

There is no surcharge, Education cess and Higher Education Cess from 1-4-2009.

So don't be confused on this.

Best

Sanjeev