URGENT-TDS

438 views 2 replies

Our Company is making royalty payment to foreign Company.

We are deducting TDS on the same.My question is do we also need to deduct education cess and SHEC??

 

 

Regards

Priya

Replies (2)

not require. It require only in case of salary.

dear priya

according to finance act 09 amendments there is no need to deduct cess amount on tds if the payment is made to resident tax payers.ur case is not covered under here.so u are required to deduct surcharge(if exceed rs.10000000) and cess amount as per my knowledge.

regards

tarun rustagi


CCI Pro

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