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
2 Replies
CA Amit Kanani
(Practicing CA)
(338 Points)
Replied 23 July 2010
not require. It require only in case of salary.
DT Fundas - Tarun rustagi
( Author)
(1150 Points)
Replied 23 July 2010
dear priya
according to finance act 09 amendments there is no need to deduct cess amount on tds if the payment is made to resident tax payers.ur case is not covered under here.so u are required to deduct surcharge(if exceed rs.10000000) and cess amount as per my knowledge.
regards
tarun rustagi
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