author : Narendran
Posted On : 8/23/2008 8:33:16 AM
During the time of calculation of TDS, whether service tax to be consider? ( Whether service tax to be included in the payment at the time of calculation of TDS or to be excluded)



Expert : S.Srinivasaraghavan
Posted On : 8/23/2008 9:23:01 AM
Yes except in the case of Rent as clarified by IT department.


Again the same point
Service Tax is "Not" to be Considered Because that not income of the person.

Dear Sirs/friends,

Wishing you a very Good day.


In our Private Ltd Coy, for the F/Y: 2004-05, We deducted an amount of Rs.95,546/- as TDS and we issued Form-16A to the Deductees.

The above liability paid in the foll.F/Y: 2005-06 on 25.05.2005 vide UBI Che.no: 721695.

In the mean time our office staff wrongly paid an amount of Rs.93,378/- on 31.05.2005 vide UBI che.No: 721700.

For the above Rs.93,378/- we have not issued any Form-16A to any body.

Hence, in my opinion it should be treated as an unclaimed tax, deposited paid by us.

We’re keeping that debit amount in our Balance Sheet under the ledger head “ TDS-Debit” for the past F/Y’s: 2005-06,2006-07,2007-08.

Now as a final decision we want to know why it not claimable & how it should be written-off in this f/y: 2008-09.


Kindly share your expert knowledge with us to enable us to save the above unclaimed amount.

Dear Sir/ madam,
Would u please tell me..

Our client has Maruthi Authorised service station.Whether he has to utilise 100 % cenvat credit on service tax payble or 20 % cenvat credit on ST payable ?

Are there any notification or case studies in this regard ?

hi
if TDS is deducted at 15.45% then for a year TDS paid will be around 95000 but the actual tax to be paid by them will be aroud 45000 so they will get a refund of 50000,so instead of getting a refund can they claim for tds waiver

Iam pursing CA(final). I have regd with ICWAI in the month of Dec 2007. May i required to submit form 112? If not required, may i permitted to do any number of courses as i like without submitting form 112(i.e,i mean without intimating to the ICAI)?

I AM CHARTERED ACCOUTANT RECENTLY QUALIFIED IN 2008 I WANT TO KNOW WHICH IS GOOD PLACEMENT COMPANY AND WHICH IS GOOD WEBSITES PROVIDING JOB FOR CHARTERED ACCOUNTANT IN INDIA AND ABROAD ?
I WANT BEST JOB CONSULTING NAME AND WEBSITES NAME TO PROVIDE JOBS TO CHARTERED ACCOUTANTS IN INDIA AND ABROAD

During the time of calculation of TDS, whether service tax to be consider? ( Whether service tax to be included in the payment at the time of calculation of TDS or to be excluded)

Sir,
I have regd my articles on august 06. And i regd my icwai inter on dec07 but i have not taken permission from ICAI in form 112. Now i came to know that ICAI given an announcement for submission of 112, it apply to my case.

Can anyone name a CA Final MIS handbook of any author

We are acting as commission agent for a foreign principal who does not have any office in India. We procure the order from India for the foreign principal. The confirmed order is forwarded to the foreign principal to enable it to ship the material to India. Billing is done by the foreign principal in favour of the Indian customer. For this transaction, we get commission in convertible foreign currency from the foreign principal. We have considered the above transaction under export of services. We are not paying any service tax on commission received. Are we correct?

How Come This Export Of Service??