TDS
This query is : Resolved
05 November 2009
We have obtained Lower TDS certificates from various parties which contains TDS + SUrcharge & Cess. As per Budget 2009-10 surcharge & Cess has been removed from TDS. So whether we have to deduct TDS from these parties on TDS+Surcharge & Cess or to deduct TDS only on Principal TDS amt.( We have not yet received revised Lower tDS certificates from parties).Presently we are deducting TDS on including Surcharge & Cess as it is safer from our side.
Pl suggest the LAW & give any reference ( Notification, circular, Act).
Regards,
Pravin
Pl suggest the LAW & give any reference ( Notification, circular, Act).
Regards,
Pravin
05 November 2009
It is proposed to remove surcharge and cess on tax deducted on non-salary payments made to resident taxpayers.
W.e.f: Proposed amendment will be applicable for deduction of tax during FY 2009-10.
W.e.f: Proposed amendment will be applicable for deduction of tax during FY 2009-10.
05 November 2009
It is proposed to remove surcharge and cess on tax deducted on non-salary payments made to resident taxpayers.
W.e.f: Proposed amendment will be applicable for deduction of tax during FY 2009-10.
W.e.f: Proposed amendment will be applicable for deduction of tax during FY 2009-10.
06 November 2009
you should deduct only % applicable on it. as th surcharge & cess is removed from Oct1st.
Regards
Regards
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
