TDS F.Y. 2009 -2010
Ami Parekh
(Querist) 11 November 2009
This query is : Resolved
As per the chart attached Education & Higher Education cess is not applicable on payments except salary payments but still many CA say it is applicable. Dear expert please tell me about education cess applicability
I also needed TDS chart & its notes from VG mehta if available with you.
Awaiting your valuable reply
Ami
Raj Kumar Makkad
(Expert) 11 November 2009
If your reply is confined to only VG mehta then it is advisable to post it as PM to him and get its reply and if it is open for all then in my opinion education cess not applicable now.
A V Vishal
(Expert) 11 November 2009
The Finance Minister in his speech and the Finance Act 2009 has specifically told that Edn or SHEC or surcharge is not applicable on TDS from the Financial year 2009-10. However, the TDS provisions are applicable only from 1-7-2009, it means upto 30-6-2009, it is applicable.
PS Mr Makkad: Mr VG Mehta is a Famous writer and writes books on tax laws, unfortunately he is not a member of this forum and Ami is requesting the charts and notes prepared by him on the subject" I also needed TDS chart & its notes from VG mehta if available WITH YOU".
Vineet
(Expert) 12 November 2009
Education Cess and Higher Education Cess is not deductible as part of TDS except TDS on salary. Please refer to TDS rate card uploaded by me in File download section.
In this regard further refer to section 2(11) and (12) of chapter II of Finance Bill, 2009(2) enclosed herewith which clearly prescribes that cess will not be applicable in TDS and TCS cases for Domestic Companies and other persons resident in India.
Ami Parekh
(Querist) 13 November 2009
Thanks to all experts but will be still awaiting the Chart with notes
