1 Replies
siddharth jain
(ca- ipcc)
(197 Points)
Replied 16 February 2014
as per finance act 2013
position of Surcharges:-
persons other companies: (Individual, HUF, firms etc)
If Income > 1 cr.
Then surcharge rate is 10%
In case of Companies:
(A) In case of domestic company (B) in case of other companies
If the total income >1cr < 10cr. 1. If the total income >1cr < 10cr. 1.
Then, surcharge is 5% than, surcharge is 2 %
If total income >10 cr. 2. If the total income > 10 cr.
Than Surcharges is 10%-amendment than, surcharge is 5% - amendment
In all other cases such as dividend distribution tax or tax on distributed income there is increase in current surcharges of 5% to 10%
the additional surcharges will be in force for only one financial year i.e.2013-2014.
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