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 / rajesh
we have to deduct the 10% Surcharge for Contractor if there
income exceeds Rs.10 lacs Per annum. same as company
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