Tds

[Vicky Enrique]

Dear Sir,

Is education cess reqd to be paid on tds deducted?
One of our clients has paid with tds, edu cess @3% on tds amount.

What to do in such a case? Edu cess paid during 13-14 is around rs 700.

Kindly suggest.

[069771 CA.AMIT SARAF]

E.Cess & S.H Cess are not required to be considered at the time of deduction of tds

Further if the same has already been deducted and deposited then considered the same as tax only.

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Regards

CA Amit Saraf

Amit Saraf & Co

Chartered Accountants

171/1 Bangur Avenue

Block B 4th Floor

Kolkata:-700055

Cell:9830521257

Email:amit....@icai.org

website:amitsarafco.icai.org.in

[RISHAB JALAN]

You can always treat is as tds payment and adjust

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[P K Agarwal]

Education Cess is to be deducted in case of Salary only and not in case of TDS under other sections. In case, the ed. cess Rs 700/- is for other than salary, treat the same as excess payment; either claim the refund or adjust the same with TDS liability of subsequent quarter.

 

Thanks

Pawan

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[Mohit Agarwal]

Reply to your query is as follows:

No surcharge or education cess is deductible / collectible at source on payments made to residents {Individuals / HUF / Society / AOP / Firm / Domestic Company) on payment of incomes other than salary or wages.

Warm Regards & Best Wishes,

Mohit Agarwal

ACA, B.Com (H)

Partner

MJ Agarwal & Associates

Chartered Accountants

Direct Line - +913340073475, Cell - +919831680773

Office: Martin Burn Building, 1, RN Mukherjee Road, 5th Floor, Room No. - 3, Kolkata - 700 001 

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Date: Fri, 2 May 2014 18:59:23 +0530

Subject: [CA RUNGTA PD] Tds

From: vickyen...@gmail.com
To: foru...@googlegroups.com