ajay sharma


{ City } delhi
< Country > india
* Profession * accounts manager
User No # 51023
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Question { Maruti Suzuki, 8840 }

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.


Answer

W.e.f. 01/10/2009 surcharge is levied only on salary and
non on other payments.

Is This Answer Correct ?    3 Yes 0 No