Dear Experts…,
Can you tell me that is there any mistakes in the following points……..???????
- Surcharge and cess is abolished on any TDS payment ( w.e.f 1st Oct 2009 to till date ) except salaries.
- Surcharge is abolished for firms ( w.e.f 1st Oct 2009 to till date )
- Surcharge is applicable for Companies @ 10% and for foreign company is 2.5% if the net taxable income above 1crore w.e.f 1st Oct 2009.
- for AY 2011-12 surcharge @ 7.5% on pvt ltd companies and @ 2.5% on foreign companies if net taxable income above 1crore.
- If any Individual person or women or Senior Citizen having taxable income above 8 lackhs then there is no Surcharge.
Thank you,
PRASAD
CAclubindia
