https://www.taxtmi.com/circulars?id=9809 A five percent surcharge on income tax was made applicable to specified categories of tax deducted at source from the date the Bill was enacted, increasing required TDS on payments such as interest, lottery and horse race winnings, insurance commission and contractor payments. Where, for payments made after enactment but before public announcement, the surcharge was not added to TDS, the deductor or company will not be treated as an assessee in default for interest or penalty purposes, and prosecution will not be initiated. en-us Wed, 06 Apr 1988 00:00:00 +0530 Thu, 09 Jun 2011 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9809 A five percent surcharge on income tax was made applicable to specified categories of tax deducted at source from the date the Bill was enacted, increasing required TDS on payments such as interest, lottery and horse race winnings, insurance commission and contractor payments. Where, for payments made after enactment but before public announcement, the surcharge was not added to TDS, the deductor or company will not be treated as an assessee in default for interest or penalty purposes, and prosecution will not be initiated. Circulars Income Tax Wed, 06 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9809