Surcharge on TDS applies only to foreign companies above a monetary threshold; education cess applies to salary and nonresident payments.
Applicability of Surcharge and Education Cess on TDS distinguishes by recipient type and payment nature: no surcharge on TDS for residents, domestic companies or non residents except foreign companies above a monetary threshold; education cess not on TDS for residents/domestic companies (other than salary); education cess applies to salary TDS and to TDS on payments to non residents.

Enactment of Finance Act confirms presidential assent and brings the Finance Bill into effect nationwide.
Presidential assent has converted the Finance Bill, 2009 into The Finance (No. 2) Act, 2009, announcing its enactment and indicating the availability of section-wise and chapter-wise compilations in a government press release to inform stakeholders and direct reference to the Act's organized provisions.

Direct Taxes Code Bill released for public consultation, inviting commentary and ratings on the discussion paper and proposed provisions.
Direct Taxes Code Bill released as a discussion paper presenting proposed consolidations and structural changes to direct taxation and inviting written comments, critiques, and ratings to inform further drafting and policy calibration; the notice operates as a public consultation mechanism rather than a legislative enactment.

Service tax amendments broaden definitions and update charge, appeals, rule making and advance ruling procedures under Finance (No.2) Act.
Amendments by the Finance (No. 2) Act, 2009 revise Chapter V of the Finance Act, 1994 to redefine terms across multiple parts, specify categories of taxable services, reaffirm the charge of service tax, update appellate mechanisms to the Commissioner of Central Excise (Appeals) and the Appellate Tribunal, amend powers to make rules and remove difficulties, and introduce clarified definitions and procedures for advance rulings.

Exports decline and imports contraction reduce trade deficit, reflecting sharp fall in external trade activity during the period.
Monthly foreign trade statistics for June 2009 report substantial year on year reductions in exports and imports in both dollar and rupee terms, with oil imports falling far more steeply than non oil imports. Provisional 2009-10 values and revised 2008-09 figures are provided in US dollar and rupee terms, and the combined effect of lower exports and reduced imports produced a narrower trade deficit for April-June 2009 compared with the same quarter of the previous year.

Service tax exclusion for director remuneration confirmed; payments for duties as directors are not taxable.
The CBEC clarified that remunerations or commissions paid to Managing Directors and other directors, whether whole-time or independent, for performance of their director duties are not liable to service tax; this position reiterated a prior regional clarification by the Commissioner of Central Excise, Madurai.