Circular 1/2014
This query is : Resolved
05 July 2014
Hi all,
As per the circular 1/2014 dated 13 jan 14 it is stated that TDS to be deducted on invoice amount excluding service tax when ST is mentioned separately in the invoice... But to calculate the threshold limit i.e 75000 p.a for 194C..should we consider service tax portion or not?
Please advice.
05 July 2014
Threshold limit should be considered excluding service tax amount.
05 July 2014
ignore service tax completely for this section.
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