Easy Office
LCI Learning

double taxation

This query is : Resolved 

28 July 2008 most of the services like rent,commission,advt are liable to T.D.S and service tax also govt is coollecting tax on both the way .why the method has been followed ?same is in case of F B T.?if any one support this coment.pls reply friends.

28 July 2008 TDS is a Collection of tax in advance on income of other person. i.e. recipient.

Whereas Service tax is the tax on services provided by u(Provider).

28 July 2008 For FBT, There is no issue of service tax and TDS no! Nayana?


28 July 2008 Instead of TDS, u're paying advance FBT.
Service tax will be paid by provider.

I hope u're clear now!:-)

28 July 2008 Dear Nayana ,

Service tax is INDIRECT TAX and TDS is DIRECT tax

Means Service tax applicable at the time of service provide by service provider.
like that Sales tax paid by you at the time of purchase of any product, means by nature wise sales tax and service tax are same .
Because if u buy any product than you pay sales tax and if you buy any services you pay service tax .

TDS is direct tax like your income tax .
Income tax is applicable on your income however you pay sales tax from your income .
Same as above TDS is applicable on rent ,commission, etc,because these are income elements,and on that income service is also applicable ,

I hope u're clear now!:-)



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries