Surcharge on tax deduction at source increases TDS and raises advance tax obligations for specified income. Amendment inserts a new sub section requiring that tax deducted at source on payments to contractors be increased by a Union surcharge calculated at five per cent of such deduction, and adds a proviso that advance tax computed for income chargeable under the provision for specified incomes shall be increased by a Union surcharge calculated at five per cent of that advance tax.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Surcharge on tax deduction at source increases TDS and raises advance tax obligations for specified income.
Amendment inserts a new sub section requiring that tax deducted at source on payments to contractors be increased by a Union surcharge calculated at five per cent of such deduction, and adds a proviso that advance tax computed for income chargeable under the provision for specified incomes shall be increased by a Union surcharge calculated at five per cent of that advance tax.
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