Applicable amount for tds caliculation
This query is : Open
karteek madhvan
(Querist)
03 April 2013
if Invoice amount includes with service tax, on
Amount - Rs.10,000
S.T - Rs. 1,236
----------
Invoice Amount Rs.12,236
---------
on that if tds is applicable on which amount i have to calculate tax excluding service tax or on total invoice amount. at present we are calculating tds on the base amount( Rs. 10,000).
which is correct and better. please suggest with the support references of IT dept. Service tax dept.,if any.
Amount - Rs.10,000
S.T - Rs. 1,236
----------
Invoice Amount Rs.12,236
---------
on that if tds is applicable on which amount i have to calculate tax excluding service tax or on total invoice amount. at present we are calculating tds on the base amount( Rs. 10,000).
which is correct and better. please suggest with the support references of IT dept. Service tax dept.,if any.
03 April 2013
Only on the expense head "Rent", TDS on the Service Tax Amount is not to be deducted. Rest on all the bills, TDS is to be deducted on the amount inclusive of Service Tax.
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03 April 2013
In case of 'rent' Deepali's observation is correct as per circular 4/2008 dated 28/04/2008.
But in case of 'commission' TDS as per section 194H applies only for the amount excluding service tax.
But in case of 'commission' TDS as per section 194H applies only for the amount excluding service tax.
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karteek madhvan
(Querist)
04 April 2013
Ok thank you, in case of rent TDS to be caliculated excluding Service tax, i want some more clarification regarding these rent or hire charges for immovable or movable Ex:building rent, car or vehicle rent or hire, barges, tugs hire or rent.
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