11 July 2009
Yes u have to deduct cess on TDS for the financial year 2009-10. Pl see sub clause 11 and 12 of clause 2 in chapter II of The Finance (No 2) Bill 2009.
11 July 2009
I stand corrected to the extent given below.
As per the budget proposal, education cess and secondary & higher education cess need not be charged while deducting tax for payments made during the FY 2009-10 to domestic companies and resident persons except for salary payments. PL GO THROUGH PROVISO TO SUB CLAUSE 11 AND 12 OF CLAUSE 2 IN CHAPTER II OF THE FINANCE(No 2) BILL,2009.
22 July 2009
Except for cess on salary, Surcharge & Edn. Cess need not be deducted so far as it relates to TDS provisions, saving of course, non residents.
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