04 February 2010
Dear Experts, Some of my clients are still dedcuting TDS u/s 194C inclusive of surcharge and cess. They say that since there is not notification/Circular on the removal of surcharge and cess from TDS, they will continue to deduct the same along with the rates specified in the section.
Kindly let me know of any Circular or Notification issued in this regard or any section reference in the Income Tax Act (as amended by the finance act 2, 2009), as i was not able to search the same even in the bare act/rules. Kindly help.
04 February 2010
Please refer "Rationalisaion of provisions relating to tax deduction at source (TDS)" you can visit http://indiabudget.nic.in/ub2009-10/memo.htm and select memorandum Part I - ENglish version
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