shankar
(CA, CS Final)
(243 Points)
Replied 18 June 2012
Education Cess @ 2% plus secondary & Higher Education Cess @ 1% is deductible at source in case of non-residents and foreign company.
No Cess on payment made to resident: Education Cess is not deductible/collectible at source in case of resident Individual/HUF/Firm/ AOP/ BOI/ Domestic Company in respect of payment of income other than salary.
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 18 June 2012
Education Cess is not deductible/collectible at source in case of resident Individual/HUF/Firm/ AOP/ BOI/ Domestic Company in respect of payment of income other than salary.
Education Cess @ 2% plus secondary & Higher Education Cess @ 1% is deductible at source in case of non-residents and foreign company.
Karunakar
(ACCOUNTS OFFICER IN TATA PROJECTS LTD.)
(73 Points)
Replied 18 June 2012
Dear Sir, Thanks for your reply and alos please inform me if one foreign deductee is not having pan number while deducting TDS we should deduct tds either @ 20% or @ 20.6% as per Higher deduction of Tax.
Thanks
Nitin
(Audit Assistant)
(25 Points)
Replied 06 May 2015
Dear All, Education cess is to be deductible. But under which section of the Income Tax Act, 1961 this provision is covered/mentioned?
Ajay Pradeep Bansal
(none)
(363 Points)
Replied 03 June 2016
please quote the section no. which specifies so.
CAclubindia
