I have paid to my sub-contracter during the F.Y. 2008-09 as below: Oct. Rs. 400708 Nov. Rs. 628009 Dec. Rs. 1102095 My quistion is this in which bill i have to deduct Surcharge????????
15 June 2009
Generally in Begining itself you should estimate whether your payments will cross 10 Lakhs. And in case if you are reasonbly have records with that you cannot estimate then at the time when it crosses rs.10 Lakhs, you have to deduct surcharge.
CAclubindia
