TDS
This query is : Resolved
03 August 2009
On TDS rate chart there are limits like compny>1 crore then this rate etc.These limits specify actually what?
CA.Tarun Maheshwari
(Expert)
03 August 2009
Actually it shoes the diffrence of surcharge. There is surcharge on companies having profit of more then Rs. 1cr, so rate of tds also change because of surcharge on these companies. Companies having less then 1 cr profit does not have sucharge, so rates are different for them.
04 August 2009
thank u .actually i heard very different opinions about that limit.
Shyam Lal Naik
(Expert)
04 August 2009
Just to suppliment, Surcharge & Cess has been removed from TDS provisions wef 01.04.09 except TDS deducted from non residents.
EC needs to be deducted on TDS on salaries.
EC needs to be deducted on TDS on salaries.
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