what if one has deduction only 10% tds on interest on unsecured loans nd not deducted education cess on the amount of tax deducted................nd what if one has deducted surcharge @ 10% also(in other case)........
2 Replies
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 14 August 2010
Hi Nuba,
Education cess and surcharge is not applicable for TDS rates from 01.04.2009. Thus, it won't be any problem if u r not deducted the TDS with education cess,
Even if deducted the TDS with surcharge @ 10%, it won't be any problem to government as u r giving extra revenue to government provided u have to pay to govt. full amount what u collected.
regards,
Manoj
Recent Topics
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
Related Threads
CAclubindia
