Regarding service tax 194 c & 194 i
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2013
In 194 I TDS is deducted on exclusive of service tax. In 194 J professional Fees TDS deducted on amt of inclusive of service Tax
But what reason behind that?
But what reason behind that?
23 February 2013
Section 194J speaks about deduction of tax at source (TDS) on any sum which is paid to the recipient.
But, Section 194I speaks about the deduction of tax at source (TDS) on any income paid as rent.
http://www.taxmanagementindia.com/visitor/detail_rss_feed.asp?ID=546
GO to the above link
194I - Any Income
194J - Any Sum
k
I think u get what i am saying
TEll me if u get my point
But, Section 194I speaks about the deduction of tax at source (TDS) on any income paid as rent.
http://www.taxmanagementindia.com/visitor/detail_rss_feed.asp?ID=546
GO to the above link
194I - Any Income
194J - Any Sum
k
I think u get what i am saying
TEll me if u get my point
Message likes :
1 times
23 February 2013
Hi,
It is the way law is framed.
What i believe main reason is that Individual assessee having no other income depended mainly on rent income. So deducting TDS on ST would amount to lesser receipt of net outflow.
So to save on this govt have given relaxation for non deducting of TDS on ST on Rent.
Thanks!!
It is the way law is framed.
What i believe main reason is that Individual assessee having no other income depended mainly on rent income. So deducting TDS on ST would amount to lesser receipt of net outflow.
So to save on this govt have given relaxation for non deducting of TDS on ST on Rent.
Thanks!!
Message likes :
1 times
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