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TDS APPLICABILITY.?

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16 January 2009 I want to ask that always I see in TDS chart that surcharge will applicable if company turnover is more than I crore or in the case of firm also and in the case of Individual if more than 10 Lac . What does it means, its mean the work which they have completed with us or they are taking about their annual turnover.

Please reply me soon I am in huge confusion.

16 January 2009 Suppose X Co., Ltd makes payments to Mr A, Mr B, Mr C in an year.

In this case, if sum of all payments made by X Co., Ltd to Mr B in an year exceeds Rs 10 lacs, Surcharge becomes applicale




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