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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

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The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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Surcharge on TDS

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....urcharge on TDS<br> Query (Issue) Started By: - gvenugopal g Dated:- 16-4-2020 Last Reply Date:- 18-4-2020 Income Tax<br>Got 2 Replies<br>Income Tax<br>Dear Experts, Please refer CBDT Circular No.8/2020 dated 13th April 2020 regarding enhenced surcharge on TDS/TCS. In the financial year 2019-20 we didn&#39;t deduct surcharge for the payments exceeds &#8377; 50 Lakh Kindly explain and clarify whe....

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....ther shortfall(surcharge @15%, 25% or 37%) will be be paid with interest if even three Qly TDS returns (APR&#39; - DEC&#39;19) filed within due dates? Thanks & regards: G Venugopal Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: The circular clearly indicates that such transaction has been completed and entire payment has been made to the deductee/payee on or before 5th July, 2019 and there is n....

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....o subsequent transaction between the deductor/collector and the deductee/payee in the financial year 2019-20 from which the shortfall of tax could have been deducted/collected by the deductor/collector the assessee will not be considered as assessee-in-default. However the shortfall is to be recovered. For the II quarter and III quarter you are required to pay the shortfall along with interest. ....

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....Reply By gvenugopal g: The Reply: Dear Sir, Thank you very much for your valued explanation. The enhenced surcharge rates (10,15,25 & 37 percent) are applicable to all payments exceeding &#8377; 50 Lakh to deductee/payee (individual/Huf / firm/ aop/ company)? My doubt is the above surcharg rates are applicable to Individual/HUF for computing tax for the FY 2019-20. So the recent Circular No.8 ....

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....is applicable to payments above &#8377; 50 lakh to deductee/payee whose status is residential individual/huf? I would be appreciated if you could brief the above views.<br> Discussion Forum - Knowledge Sharing ....

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