Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

Surcharge on tds !

Shivani (Learner) (1881 Points)

06 July 2013

Is there a surcharge on TDS in case payments exceed Rs. 10 lakh?

Or is this provision no longer there?

Can you please provide the relevant section under which this surcharge was or is provided?

thanks

shivani

shivaniadream @ gmail.com

Reply
Follow
Share

3 Replies

Ganeshbabu K (Audit and Tax Advisory) (48564 Points)
Replied 06 July 2013

1. Surcharge:

No Surcharge on TDS in case of payment is made to Resident or Domestic Company
No Surcharge on TDS in case of payment is made to Non Resident other than Foreign Company
2.5% Surcharge on TDS if the recipient is a foreign company and amount exceeds Rs. 1 Crore.

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

CA Shruti Gupta (CMA FINAL CS Final) (1434 Points)
Replied 06 July 2013

no there is no provision as such....

i .e no surcharge applicable on TDS...

vishal (Chartered Accountant) (67 Points)
Replied 06 July 2013

For resident payee or deductee no surcharge or education cess shall be added except in case of salary where education cess shall be added on tds on salary.

For non resident payee or deductee:

Foriegn company - surcharge of 2% (where payment exceed Rs.1 crore).

education cess of 3%.

Any other assessee - No surcharge.

Education cess of 3%.