whether Exemption of Surcharge on Individual having income more than Rs. 10 lakh pa will impact applicability of Surcharge of 10% on TDS Limits as well, i.e, is we are paying 11,00,000.00 to an Individual under sec 194 C then in that case which rate we should apply 2.06 or 2.266?????
07 July 2009
Hi, As the surcharge is abolished on Individuals. Therefore the TDS is to be deducted without surcharge i.e. by 2.06 % even if the payment exceeds Rs. 10 lacs.
CAclubindia
