Effective date of withdraw of Surcharge and Cess on TDS
This query is : Resolved
16 September 2009
As the Surcharge and Cess has been withdrawn on all catagory of TDS
a) What is the effective date of the same
b) What will happened if Surcharges and Cess allready deducted and deposited
c) What can be done with the Surcharge and Cess allready deducted but not deposited .
d) If it has been depoisted , whether the deductee will get the credit of the same
a) What is the effective date of the same
b) What will happened if Surcharges and Cess allready deducted and deposited
c) What can be done with the Surcharge and Cess allready deducted but not deposited .
d) If it has been depoisted , whether the deductee will get the credit of the same
16 September 2009
Sir,
Surchage and cess is applicable for TDS on payments to non residents. It has been withdrawn for resident assessees only.
The only exception to the above is TDS on salary paid to residents. Edn. Cess is to be deducted.
The effective date is 01.04.09
Amount deducted must be deposited. There is no provision of reversal of TDS deducted.
The deductee will get the credit.
Please seek more opinions.
Surchage and cess is applicable for TDS on payments to non residents. It has been withdrawn for resident assessees only.
The only exception to the above is TDS on salary paid to residents. Edn. Cess is to be deducted.
The effective date is 01.04.09
Amount deducted must be deposited. There is no provision of reversal of TDS deducted.
The deductee will get the credit.
Please seek more opinions.
16 September 2009
The relevant statutory provision : -
Section 2 of Finance (No. 2) Act, 2009 read as follows :
"Save as otherwise provided in this Act, sections 2 to 84 shall be deemed to have come into force on the 1st day of April, 2009"
Section 2 of Finance (No. 2) Act, 2009 read as follows :
"Save as otherwise provided in this Act, sections 2 to 84 shall be deemed to have come into force on the 1st day of April, 2009"
16 September 2009
Withdrawn w.e.f 01/4/2009.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- Income Type for interest from government bonds
- FREELANCING ACCOUNTANT
- NR GST NUMBER
- Not a CA , can we prepare balance sheet
- For REQUIRE INDIVIDUAL GST
- GST Form ADT-02
- TCS ON SOFTWARE SALES
- Query Regarding on TDS section 194H and 194J
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
