Suman Khurana (Company Secretary) 24 October 2009

Surcharge & Cess on non salary payments

While making non salary payments, TDS is to be deducted. Alongwith TDS, surcharge and cess is also deducted.

But as per Finance Bill, 2009, No surcharge and cess on tax deducted on non-salary payments ade to resident taxpayers.

Please tell from which date this new provision is applicable?????????? ITS URGENT.

Regards

Hinna Garg

Prakash Chand (Advocate) 24 October 2009

The provisions are applicable from 1-10-2009

1 Like

R.K.SUNDERRAJ (LAWYER HUBLI,KARNATAKA) 20 January 2010

I THINK PRAKASH CHAND IS RIGHT.

S.Karthick (Student) 29 January 2010

Hi All

I have the Bill which tells about the Applicability of the same.have attached along with the Reply. Its from 1/10/2009.(Finance Bill 2009)

Attached File : 16 16 tds and finance bill 2009 1 .pdf downloaded: 249 times