I want to Know that if the payee has cerificate of tax deduction at source at rate which is lower than the rates prescribed wef from 1.10.09 . at what rate should be deduct tax . for eg in case of rent paid the new rate of TDS is 10% and in the certificate issued to the vendor by Income tax dept states 5% ( incl SC or cess ) or 5% + Surcharge and cess then at what rate should be deduct tax. Also surcharge and cess is abolished even if we deduct at 5% then should be account for surcharge and cess. Please help a bit urgent...
Menu
TDS RATES
Replies (6)
i think so we dedut TDS at excluding surcharge and cess rate
i think so we dedut TDS at excluding surcharge and cess rate
If it is mentioned that 5% including SC and EC then deduct @ 4.85%.
If it Is mentioned that 5% + SC+EC then deduct @ 5%.
You should deduct excluding surcharge
dear friend,
pls see the attachment file for details
ravi
| Originally posted by :Ravikumar.S | ||
| " | dear friend, pls see the attachment file for details ravi |
" |
Recent Topics :
- Business discontinued as Government took possessio
- Which Aviation Services Can Air Ticketing Professi
- Section 87A
- GST on Transport
- Which software to buy
- Property Selling and buying
- Office Management System
- Can I pursue articleship alongside a regular full-
- Investment fund's income from ncd distribution to
- Comparative BS PL with Audit report
CAclubindia
