saivarma (articles assistant) (127 Points)
19 April 2011Dear Members
My doubt related to , Just services is service provider to our company which book train ,air bus, tickets for us and charges service tax on that , here my doubt is while calculating TDS whether we have to take it on whole amount i.e train tickets amount and service charge or only on service charge . And under which section its included.
CA Vishwas Aradhya
(Consultant)
(60 Points)
Replied 19 April 2011
Saivarma,
Payments made to travel agents is covered u/s 194C. The facts of the case is covered elaborately by CBDT in its circular # 713 Dt 08.08.1995. Where in it is provided that payments made to travel agents doesnot attract TDS.
Since there is specific exlusion from section 194C, TDS need not be done u/s 194C
Regards
CA VIshwas Aradhya | +91 95913 18000
Bangalore
Suraj S
(Audit Executive)
(335 Points)
Replied 19 April 2011
| Originally posted by : CA Vishwas Aradhya | ||
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Saivarma, Payments made to travel agents is covered u/s 194C. The facts of the case is covered elaborately by CBDT in its circular # 713 Dt 08.08.1995. Where in it is provided that payments made to travel agents doesnot attract TDS. Since there is specific exlusion from section 194C, TDS need not be done u/s 194C Regards CA VIshwas Aradhya | +91 95913 18000 itsvishwas @ gmail.com Bangalore |
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saivarma
(articles assistant)
(127 Points)
Replied 19 April 2011
Dear sir
they are Charging commission and service tax, our internal auditors are saying that TDS is to be deducted on Commission and service charge tax they are charging . is it Right?
surendra
(developer)
(21 Points)
Replied 19 April 2011
My company deducting TDS @ 10% from may 2010 on my consolidated salary(23000/month) every month.How can i get return excess TDS which I have paid..?
CA Vishwas Aradhya
(Consultant)
(60 Points)
Replied 19 April 2011
Dear Saivarma,
Place the circlur mentioned in earlier post before them and check their point of argument.
Let us know on the discussion
CA Vishwas Aradhya
| Originally posted by : saivarma | ||
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Dear sir they are Charging commission and service tax, our internal auditors are saying that TDS is to be deducted on Commission and service charge tax they are charging . is it Right? |
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CA Vishwas Aradhya
(Consultant)
(60 Points)
Replied 19 April 2011
| Originally posted by : surendra | ||
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My company deducting TDS @ 10% from may 2010 on my consolidated salary(23000/month) every month.How can i get return excess TDS which I have paid..? |
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TDS made on salary income from May 2010 to March 2011 will reflect in the form 16 issued by your employer. Please check the tax libility in the form 16, If TDS made is more than your Income tax liability, you have to file your income tax return before 31.07.2011 in form ITR 1.
Excess TDS made by your emloyer would be refunded by the Income tax department, back to your bank account
PS: Be sure to mention your account number and MICR code corectly in the income tax return filed
Best Wishes
Ca Vishwas Aradhya
vivek
(Student)
(30 Points)
Replied 19 April 2011
Dear Sir/Madam,
Please confirm me that
1.how to treat/detect tds on online advertise payment by net banking/credit card to advertise company like indiatimes.com, submitedge.com, Google adwords etc. these company charge payment by papal or other method. But, these companies not provide option to charge TDS.
2.one more thing if we wish to pay towards Advertisement payment to party at USA
We have to deduct TDS or not ?
CA Vishwas Aradhya
(Consultant)
(60 Points)
Replied 19 April 2011
| Originally posted by : Vivek | ||
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Dear Sir/Madam, Please confirm me that 1.how to treat/detect tds on online advertise payment by net banking/credit card to advertise company like indiatimes.com, submitedge.com, Google adwords etc. these company charge payment by papal or other method. But, these companies not provide option to charge TDS. 2.one more thing if we wish to pay towards Advertisement payment to party at USA We have to deduct TDS or not ? |
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Hello Vivek,
Thanks for bringing practical question to the forum.
1. While making the remittance (payment), pay the amount net of TDS. remit the same to the goverment and issue the TDS certificate for the same, to complete the cycle.
2. TDS on Advertisement Income of US entity is to be made only if, US entity has a permanent establihment (PE) in India. Please obtain a declaration/confirmation from them as to whether or not they have a PE in India.
Best Wishes
CA Vishwas Aradhya| +91 95913 18000
Bangalore
CA Chhaya Desai
(Manager)
(21 Points)
Replied 20 April 2011
Whether we should deduct TDS on payments made for getting visiting cards printed where the vendor has charged VAT in the bill?
VIPUL K JOSHI
(Article Assistant)
(25 Points)
Replied 21 April 2011
Dear Sir
Weather TDS should be made on Salary given in advance ?
Is there any limit for salary advance for TDS purpose?
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 24 April 2011
| Originally posted by : VIPUL K JOSHI | ||
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Dear Sir Weather TDS should be made on Salary given in advance ? Is there any limit for salary advance for TDS purpose? |
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advance salary is the part of salary paid in the year and would be added in taxable salary, TDS would be applicable on salary+ advance salary, no limit prescribed.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 24 April 2011
| Originally posted by : CA Chhaya Desai | ||
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Whether we should deduct TDS on payments made for getting visiting cards printed where the vendor has charged VAT in the bill? |
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printed visiting cards after vat is sales of goods to you
you have to book the expenses in printing & stationary,
no TDS apply.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 24 April 2011
| Originally posted by : saivarma | ||
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Dear Members My doubt related to , Just services is service provider to our company which book train ,air bus, tickets for us and charges service tax on that , here my doubt is while calculating TDS whether we have to take it on whole amount i.e train tickets amount and service charge or only on service charge . And under which section its included. |
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TDS provisions would not be apply on the component of travel passage voucher amount ( train/ air /bus ticket value) balance amount is subject to service tax and also subject to TDS.
CA.SKR
(CA; CS-Final (One Group); DISA (ICAI); Insolvency Professional)
(442 Points)
Replied 24 April 2011
| Originally posted by : U S Sharma | ||
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Originally posted by : VIPUL K JOSHI Dear Sir Weather TDS should be made on Salary given in advance ? Is there any limit for salary advance for TDS purpose? advance salary is the part of salary paid in the year and would be added in taxable salary, TDS would be applicable on salary+ advance salary, no limit prescribed. |
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TDS will be applicable only if your consolidated Salary + Advance Salary - Deductions in Chapter VI i.e. u/s- 80C , 80D etc. exceeds the basic exemption limit.
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