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(Querist)
17 June 2010 Should Education Cess and Secondary education cess added to rate of 10% while deducting TDS on Interest on loan taken from individual by a company if the loan amount exceeds Rs.5000/-
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Rasesh

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Rasesh (Expert)
17 June 2010 As per current provisions, Ed Cess and sr ed cess is not be deducted.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
17 June 2010 AGREE, NOW TDS IS DEDUCTIBLE ON BASIC RATES NO ED. CESS AND H. E. CESS
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