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As the Surcharge and Cess has been withdrawn on all catagory of TDS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
Shyam Lal Naik
(Expert)
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 It has been withdrawn for resident assessees only.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 It has been withdrawn for resident assessees only.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.
Shyam Lal Naik
(Expert)
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Withdrawn w.e.f 01/4/2009.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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- GSTR9 Annual Return
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Ito add credit side of bank
- Reward for festival
- TDS Return Statement Status
- Import of Capital Machine
- Appointment of Auditor By Form ADT-1
- Form 144 TDS Return Validation error
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- Resigning a auditor from the company for misconduct
- LLP audit under companies act
- Concept of Vendor and customner reconciliation
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- INWARD REMITTANCE FOREIGN
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
