Surcharge on TDS
This query is : Resolved
23 July 2008
Kindly let me know the rule for considering Surcharge in TDS rates.
Suppose we are paying rent to any person and the total amount of rent to be paid within that F/Y doesn't exceed the limit of 1 crore /10 lakh or whatever the limit of income for cosidering surcharge .Then in this case are we supposed to deduct TDS @ higher rate ,considering surcharge also ???
Suppose we are paying rent to any person and the total amount of rent to be paid within that F/Y doesn't exceed the limit of 1 crore /10 lakh or whatever the limit of income for cosidering surcharge .Then in this case are we supposed to deduct TDS @ higher rate ,considering surcharge also ???
S.Srinivasaraghavan
(Expert)
24 July 2008
For TDS there is no question of any limit for surcharge other than in the case of salaries and individuals.
CA. Sahendra Jaiswar
(Expert)
24 July 2008
As per TDS rate, it is including the surcharge for the persons other than individual and HUF. i.e. no any limit prescribed.
CA Abhishek Tyagi
(Expert)
24 July 2008
For applicability of surcharge on a payment you should have to consider the limit of 1 crore/10 lakh.
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