Surchage, Education Cess and applicability on TDS related to A.Y. 2010-11 (F.Y. 2009-10)?
Sep 2, 2009 Income Tax
Undermentioned provisions are applicable for Financial Year 2009-10 (A.Y. 2010-11) and w.e.f. 01.04.2009.
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.
2. Education Cess
No EC or SHEC on TDS in case of payment is made to Resident or Domestic Company [Other than Salary]
3% EC and SHEC (2% + 1%) on TDS in case of Salary
3% EC and SHEC (2% + 1%) on TDS in case of payment is made to Non Resident
Tags: applicability, ec, education cess, salary, shec, TDS
September 2nd, 2009 at 4:49 am
when it is applicable ? w.e.f 19th Aug / 1st ocotber
September 2nd, 2009 at 4:56 am
TDS rate include TCS or Sucharge and ED is applicable on TCS for A.Y. 2010-11?
TDS flat rate is applicabel on 01.04.2009 or 01.10.2009?
September 2nd, 2009 at 4:57 am
Hi,
Can I get any base documents that Surcharge and education cess is not applicable as mentioned in the post.
Regards
September 2nd, 2009 at 5:04 am
Request to share relevant notification / link of the notification.
Thanks
Sanjay
September 2nd, 2009 at 6:29 am
Pls clarify with effect from which date??
September 2nd, 2009 at 7:19 am
No surcharge and cess is to be added from 01.04.2009 on tax deducted on non-salary payments made to resident taxpayers.
September 2nd, 2009 at 7:31 am
It was provided in budget only.
September 2nd, 2009 at 7:52 pm
Sir,
wef 01-10-09 while deducting tds on u/s 194 C/J/H/A/I for payments made to individual or company whether we have to deduct tds basic + cess 3%
or
only basic?
September 3rd, 2009 at 12:10 am
Foe Non Salary payment to resident Assessee with effect from 01.04.2009 only basic need to be deducted.
September 3rd, 2009 at 12:21 am
You can see the finance act it was provided in finance act 2009.
September 7th, 2009 at 5:51 am
I have checked the notification on I.T. site but no such notification found. Can u pls provide the supportive link regarding this circullar…which u relese in ur site…..if u can pls provide to all the subscribers….by that all can be updated with it….
September 7th, 2009 at 12:01 pm
It was provided in finance act 2009 i.e. budget.
September 8th, 2009 at 7:58 am
From 01/10/2009 while deducting tds u/s 194 C or J for payments made to individual or company whether we have to deduct tds on basic pay plus cess 3% or only on basic?
September 8th, 2009 at 9:54 am
You have to deduct TDS at basic rate on TDS U/s. 194C & under section 194J.
September 23rd, 2009 at 5:40 am
1.What rate % of tds in case if we
are a contractor / transporter and
payment to sub-contractor/transporter.
2.What rate % of tds in case if we
are a invidual/properietorship firm and payment to contractor/transporter
September 24th, 2009 at 1:13 am
You can check the new TDS rates after budget on the link given below:-
http://www.taxguru.in/income-tax/post-budget-tds-tcs-rate-chart-and-provisions-applicable-from-01-10-2009.html
October 14th, 2009 at 11:42 am
Please let me know the TDS rates and Ceducation Cess and H.Edu. Cess applicable or not.
Regards,
Sukant
October 15th, 2009 at 11:19 am
It is very helpful for students those who are studying CA,CS,ICWA
October 19th, 2009 at 9:49 am
Is Non Deduction of TDS apply to all transporter? or it is limited for transporter defined in 44AE.
October 24th, 2009 at 10:52 am
we are getting Rs. 800/- + DA as conveyance allowance monthly. DA is exempt from i/tax if it has no retirement benefit. should i/tax be deducted on our conveyance allowance. please advise.
December 1st, 2009 at 3:54 am
is there surcharges and sur charges is applicable on tds on salary
December 1st, 2009 at 6:57 am
Cess is applicable.
December 4th, 2009 at 7:47 am
how the am of tds will be deposited if the deductee have no pan no
December 7th, 2009 at 9:38 am
Kindly inform the authority unde which no Education cess or SHEducess is applicable on TCS for the year 2009-2010.
Regards,
G.Goswami,
Kolkata
7.12.2009.
February 13th, 2010 at 12:02 pm
why education cess is impose?
February 24th, 2010 at 6:38 am
from when its applicable…
March 15th, 2010 at 7:20 am
From when E.Cess and H.E.Cess is not applicable on TDS on contrator/sub-contractor ? Is it from 1-4-2009 or 1-10-2010?