When we (Company) deduct surcharge of Contractor (above 10
Lakhs Individual, 1 Crore in case of Company) Pl confirm
the meaning of 10 lakhs and 1 Crore. Either it means
payment made to the contractor in a year by a company or
one & more company (Aggreg. Income). Pl explan in detail.
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Answer Posted / manish digwal
we have to deduct the 10% Surcharge, when their
Business exceeds from Rs.10 lacs Per annum only form
Individual ......and...... we hv to deduct the 10%
surcharge for company, when the Business of company exceeds
from Rs.1 Crore
Only for TDS
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