Deduction of TDS with Charge

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Deduction of TDS with Charge
Query (Issue) Started By: - Pradeep Jain Dated:- 18-9-2014 Last Reply Date:- 31-12-2015 Income Tax
Got 1 Reply
Income Tax
Dear Sir, We are engaging contracto .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rs who are giving services to us under Individual capacity. We are not sure at the time of awarding contract that their services will exceed ₹ 1 cr. in one financial year. Under such circumst .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ances, in case we find in Mar-15 that a particular such contractor has provided services of more than ₹ 100 lacs and therefore we are liable to deduct surcharge @ 10% on TDS. Our query .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... is that, whether we are required to pay 10% surcharge on entire TDS deducted in the whole financial year (14-15) and pay? Whether it will be treated as default in payment of surcharge (TDS) and d .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... o we need to pay interest on delayed payment of surcharge? Regards Pradeep Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether you have got clarified in the above issue? If not please inform.
.....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X