Tds

Hi Farid,

I Think, TDS deduct on Gross Amount on Service Invoice, which is except Rent Service [Basic Amt] only.

But I like to know.. Tds to be deduct on Gross Value (including cst amount)???

yes, TDS will be deducted on the Invoice value. In case of Rent paid the TDS should be deducted on rent part  only.

Rajesh

YES TDS SHOULD BE DEDUCTED ON GROSS AMOUNT

TDS shall be deducted on the gross amount given in the invoice inclusive of Service tax.

IN the case of rent, tax shall be deducted on the amount excluding service tax.

Sir let me know that if we deposited tds u/s 194I in dec 2012 for the month of jan 213 to march 2013 in advance so can we fill the tds return in advance in 3Quarter i.e dec 12 and if in challan wrong assessment year is filled should we fill the tds return before give the correction letter to the ITO