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Discussion > Income Tax > TDS >

Whether tds is to be deduct on amount inclusive of service t

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CA Final

[ Scorecard : 151]
Posted On 25 January 2012 at 14:30 Report Abuse

HEY GUYS ,

CAN ANY1 SUGGEST ME WHTHER TDS ON RENT IS TO BE DEDUCTED ON AMOUNT INCLUSIVE OF SERVICE TAX..???

LET A FIRM X & CO. ACQUIRED A OFICE FOR AMOUNT  OF RS100000 PER ANNUM UNDER A AGREMENT.

RS 100000 INCLUDES 70000 FOR RENT PURPOSE

RS 30000 INCLUDES FOR OTHER SERVICES..

PLEASE SUGGEST ME THE AMOUNT OF TDS TO BE DEDUCTED BY X& CO.

THE AMOUNT TO BE PAID AFTER TDS ..

 

THANX IN ADVANCE ....................



Vineet Goyal
Finance & Accounts Executive

[ Scorecard : 504]
Posted On 25 January 2012 at 14:36

For Rent, TDS is deducted on rent amount only, not on service tax amount. Therefore TDS @ 10% will be deducted on Rs 70000/- (exclusive to service tax amount).

 

What other services are there for Rs 30000/-? It depends on the services nature, how much TDS and under which Section, TDS will be deducted?




komal sharma
student

[ Scorecard : 63]
Posted On 23 February 2012 at 10:32

Agree with veenit...but as ur 1st sentence says "service TAX" then TDS to be deducted exclusive of service tax amount..



Total thanks : 1 times


PHANI KUMAR VANAMALA
ARTICLE ASSISTANT

[ Scorecard : 787]
Posted On 23 February 2012 at 11:39

As per servive tax provisions Tax paid on gross amount which inculeds TDS amount.....!!!!!!!!!



Total thanks : 1 times

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