hey frnds,
i just want to know whether e cess and higher e cess on tds other than salary has been abolished or not?
if yes than from which financial year.
3 Replies
Rajeev
(www.rkmco.com)
(985 Points)
Replied 09 October 2009
Yup cess /surcharge abolished wef 1.4.2009
Jyoti Malik
(ACCOUNTANT)
(2644 Points)
Replied 10 October 2009
Cess and Surcharge is abolish from 01.04.2009.
binod Khandelwal
( C.A. Manager(Accounts))
(85 Points)
Replied 10 October 2009
| No surcharge and cess is to be added from 01.04.2009 on tax deducted on non-salary payments made to resident taxpayers.It means that Surcharges & cess is not be included in basic TDS rates ,while deduction tds , in case of payments to resident person/domestic company only .So in case of payment to Non resident and non -domestic company surcharge and Cess is also to be included while calculating TDS amount . |
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