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TDS RATES

DIPAK AGARWAL (Service) (554 Points)

19 November 2007

wherther suchage @ 10% is also to be added while duducting tds as we are company having less than 1 cr. total income for the f/y 2007-08

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3 Replies

Shyam Lal Naik (Service) (6156 Points)
Replied 19 November 2007

It appears that you are the deductor. The applicability of surcharge depends on the status of deductee and their turnover with you. Your status and your total income is of no relevance.

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CA vishal malik (Chartered Accountant) (42 Points)
Replied 19 November 2007

In case individual,HUF , AOP,BOI if Income exceeds Rs 1000000.00, then only the surcharge would be added, otherwise not.In case of companies 10% surcharge would be added irrespective of the Total Income /turnover/sales.A deductee is liable to deduct TDS incl. surcharge if the above conditions are satisfied.

Pushkraj Sathe (Chartered Accountant) (203 Points)
Replied 20 November 2007

A deductee firm,an artificial juridical person is also liable for 10% surcharge(SC), in case of a deductee company which is not a domestic company the rate of SC is 2.5% irrespective of the amount paid by you.