Our Company is making royalty payment to foreign Company.
We are deducting TDS on the same.My question is do we also need to deduct education cess and SHEC??
Regards
Priya
Priya Sharma (Company Secretary & Student.MBA) (998 Points)
23 July 2010Our Company is making royalty payment to foreign Company.
We are deducting TDS on the same.My question is do we also need to deduct education cess and SHEC??
Regards
Priya
CA Adarsh
(Job)
(82 Points)
Replied 23 July 2010
From Finance Act,2009 TDS will be deducted at flat rate & no education cess & Shec will be applicable.
But, for Payment to Non resident Edu.cess & shec will de deducted.
Harpreet
(* * * * * *)
(1670 Points)
Replied 23 July 2010
Edu cess applicable. details for the same are as under:
Himanshu
(Final Student)
(36 Points)
Replied 23 July 2010
yeh subject nahi yeh saza hain...????
Dosto
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 23 July 2010
Originally posted by : Adarsh | ||
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From Finance Act,2009 TDS will be deducted at flat rate & no education cess & Shec will be applicable. But, for Payment to Non resident Edu.cess & shec will de deducted. |
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agree
Priya Sharma
(Company Secretary & Student.MBA)
(998 Points)
Replied 23 July 2010
Thanx guys for this info.
Regards
Priya
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