tds

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amiya kumar pradhan

amiya kumar pradhan (Querist)
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29 July 2010 From which date in the financial year 2009-10 sc, edn cess were abolished from tds

srinath

srinath (Expert)
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29 July 2010 i think it is 19 of august 2009

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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29 July 2010 It was abolished from 01.10.2009

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Shyam Lal Naik

Shyam Lal Naik (Expert)
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29 July 2010 Abolished wef FY 2008-09. wef 01.04.2009

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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29 July 2010 from 01/10/2009.

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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29 July 2010

Undermentioned provisions are applicable for Financial Year 2009-10 (A.Y. 2010-11) and w.e.f. 01.04.2009.

1. Surcharge:

No Surcharge on TDS in case of payment is made to Resident or Domestic Company

No Surcharge on TDS in case of payment is made to Non Resident other than Foreign Company

2.5% Surcharge on TDS if the recipient is a foreign company and amount exceeds Rs. 1 Crore.
2. Education Cess

No EC or SHEC on TDS in case of payment is made to Resident or Domestic Company [Other than Salary]

3% EC and SHEC (2% + 1%) on TDS in case of Salary

3% EC and SHEC (2% + 1%) on TDS in case of payment is made to Non Resident

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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29 July 2010 http://www.taxguru.in/income-tax/surchage-education-cess-and-applicability-on-tds-related-to-a-y-2010-11-f-y-2009-10.html

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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29 July 2010 Agree with Naik sir also although SC & Cess abolished wef 01.04.2009 it was effective only from 01.10.2009 as SC & Cess on TDS of the period before approval were already deducted and return also filed.
So effective date of abolition is 01.10.2009.

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