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surcharge on income tax

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(Querist)
19 July 2009 Dear friends,

While deducting tds on payment of royalty to any non resident ,do we need to apply the critaria of income of 1 crore before applying surcharge on tds rate?

Regards,
Meenakshi Gupta
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
19 July 2009 Yes. Pl refer Part II of the first schedule(last paragraph) of The Finance (No.2) Bill,2009.
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CA Suresh Choudhary

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CA Suresh Choudhary (Expert)
19 July 2009 agree with expert
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