17 August 2009
Whether surcharge and education cess need not to be deducted as TDS from F.Y. 2009-10. Pleases also quote relevant provisions of the Act.
17 August 2009
* The nil rate will be applicable if the transporter quotes his PAN. If PAN is not quoted the rate will be 1% for an individual/ HUF transporter and 2% for other transporters upto 31.3.2010 ** The rate of TDS will be 20 per cent in all cases, if PAN is not quoted by the deductee w.e.f. 1.04.2010 ***No surcharge and cess on tax deducted on non-salary payments made to resident taxpayers.
CAclubindia
