tds without surcharge

This query is : Resolved

bhargavi.maturi (Querist)
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20 May 2008 sir

TDs of same deductee is paid with surchage in quater 1 & the same person without surcharge for other quaters. Is it correct. What are the consequences of it

CA. Vineet Grover

CA. Vineet Grover (Expert)
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20 May 2008 Hi Bhargavi,

Please let me know the circumstances in which the same has occured.

Has the same happended due to some human mistake or the situation demanded.

Relate the same with an example.

Rgds/
Vineet

CA. Yayati Tyagi

CA. Yayati Tyagi (Expert)
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20 May 2008 if payment to an individual is likely to exceed rs. 10 lacs in a year, you have to charge surcharge alongwith tax.

if it is applicable in ur case and u missed to deduct it, u should deduct and deposit the same now with interest.

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