Dear All,
I have single agreements with CFA Agents under which various service parameters are clearly defined for providing and charging services. The parameters like Rent on per Sq feet basis, Management fee based on Monthly Sales, Facility Mngt Charges, Security Charges, Manpower Charges, Operational Exp reimbursement, Sales promotion etc. Monthly i have recd Single invoice from CFA where different services and their amount are clearly mentioned and service tax levid on total bill including operational expenses for which details are also provided by CFA along with invoices. My Question is What is the rate of deduction of TDS for Various Services for Single agreement with CFA where Services parameters are clearly defined for various services and one single invoice is recd indicating all services and amount separately ?
As per my understanding, since the Service Parameters are Clearly defined in agreement and invoice also contains details of different services with amount separately, i have to deduct TDS as per nature of services mentioned in agreement and invoice.
i.e. 1) Management Fee - TDS on Commission-10% on amount including Service Tax
2) Sales Promotion- TDS on Commission- 10% on amount including Service Tax
3) Manpower Charges- TDS on Contractor-1% or 2% on amount including Service Tax
4) Facility Charges- TDS on Contractor-1% or 2% on amount including Service Tax
5) Operational Exp- TDS on Contractor-1% or 2% on amount including Service Tax Since no Separate bill is provided for reimbursement of operational exp. One Single Bill is provided includes all services
5) Rent for Bldg- 10% excluding Services Tax
I am booking the above expenses in Separate GL Expenses Code.
Pls Clarify.
CAclubindia
