9911796707
TMI BlogSurcharge on TDSX X X X Extracts X X X X X X X X Extracts X X X X ..... Surcharge on TDS X X X X Extracts X X X X X X X X Extracts X X X X ..... ether shortfall(surcharge @15%, 25% or 37%) will be be paid with interest if even three Qly TDS returns (APR' - DEC'19) filed within due dates? Thanks & regards: G Venugopal Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: The circular clearly indicates that such transaction has been completed and entire payment has been made to the deductee/payee on or before 5th July, 2019 and there is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... no subsequent transaction between the deductor/collector and the deductee/payee in the financial year 2019-20 from which the shortfall of tax could have been deducted/collected by the deductor/collector the assessee will not be considered as assessee-in-default. However the shortfall is to be recovered. For the II quarter and III quarter you are required to pay the shortfall along with interest. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By gvenugopal g: The Reply: Dear Sir, Thank you very much for your valued explanation. The enhenced surcharge rates (10,15,25 & 37 percent) are applicable to all payments exceeding ₹ 50 Lakh to deductee/payee (individual/Huf / firm/ aop/ company)? My doubt is the above surcharg rates are applicable to Individual/HUF for computing tax for the FY 2019-20. So the recent Circular No.8 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is applicable to payments above ₹ 50 lakh to deductee/payee whose status is residential individual/huf?
I would be appreciated if you could brief the above views. X X X X Extracts X X X X X X X X Extracts X X X X
|
