Hi All,
Whether surcharge is applicable on Income Tax payable by the Individual in case income exceeds Rs.10 lakhs for the current year i.e financial year 2009-10.
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 31 March 2010
Surcharge on Individuals is abolished w.e.f. FY 2009-2010
Payal Gupta
(article assistant)
(176 Points)
Replied 02 April 2010
yes surcharge on individual , huf, aop, boi, ajp has been abolished w.e.f. AY 2010-11 & also on partnership