deduction of tds on what amount?
This query is : Resolved
07 February 2009
hello .
i want to pay a sum to my contractor against his bill.the bill amount is of Rs.500000,how i will deduct tds(on what amount),what will be service tax
(on what figure).Is tds is calculated on the amount including service tax...please give me true picture of tax laws.with any notification or clarification by department.its urgent .
Regards
CMA Ankur Pandey
i want to pay a sum to my contractor against his bill.the bill amount is of Rs.500000,how i will deduct tds(on what amount),what will be service tax
(on what figure).Is tds is calculated on the amount including service tax...please give me true picture of tax laws.with any notification or clarification by department.its urgent .
Regards
CMA Ankur Pandey
07 February 2009
Income Tax is to be deducted on the gross amount of the bill. Pl see section 194C of the Income Tax Act,1961.
07 February 2009
plz clarify ....tds is deducted on the amount included service tax?
07 February 2009
plz clarify ....tds is deducted on the amount included service tax?
07 February 2009
TDS should be deducted after including the service tax.
07 February 2009
Yes.
TDS is to be deducted on the gross amount i.e including service tax.
TDS is to be deducted on the gross amount i.e including service tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- Bank details not Visible on Traces Portal
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Cash balance limit and property purchases limit
- TDS ON EMAIL DOMAIN SERVICE BILL
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- NRI starting business in India
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
