hi friends,
in tds the applicable surcharge rate i.e 10% is based on the turnover (i.e.Rs 1 crore)
my question is whether the applicabel surcharge is based on
the turnover of the contractor or
the turnover of the contractee
sridhar (student) (24 Points)
17 October 2008hi friends,
in tds the applicable surcharge rate i.e 10% is based on the turnover (i.e.Rs 1 crore)
my question is whether the applicabel surcharge is based on
the turnover of the contractor or
the turnover of the contractee
Magesh R
(Student)
(53 Points)
Replied 17 October 2008
Where u deduct tds to any person the question of surcharge is not based on his turnover.. IT is based on the payment which u r going to make. if ur payment exceeds one crore then u shud deduct surcharge also..
The question of one persons surcharge when profit exceeds 1 crore is only for his taxation.
CA Annie
(Chartered Accountant )
(747 Points)
Replied 17 October 2008
Deduct surcharge if payees income exceeds the limit. ie. deduct surcharge along wit tds if the income of the person who recieves it exceeds the limit
parvez
(Senior Marketing Manager)
(22 Points)
Replied 18 October 2008
| Originally posted by :sridhar | ||
| " | hi friends, in tds the applicable surcharge rate i.e 10% is based on the turnover (i.e.Rs 1 crore) my question is whether the applicabel surcharge is based on the turnover of the contractor or the turnover of the contractee |
" |
dear frienpd, pls submit your query on our companies web site : www.tpcc.in, we will shurly try to help you out,
S.H. Parvez,
Marketing Manager,
The Tax Publishers, Jodhpur
09225600000 (hasan_parvez @ yahoo.com)
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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