Sec -194d

This query is : Resolved

A.JAGADEEP (Querist)
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02 August 2013 TDS On Insurance brokerage under Income tax act Sec-194D.

Whether TDS should be deducted including Service Tax or Excluding Service Tax.

Pls reply me sir, Urgent..........

CA UMESH DULAL

CA UMESH DULAL (Expert)
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02 August 2013 in total invoice amount. i.e. service tax is to be taken into consideration.

A.JAGADEEP

A.JAGADEEP (Querist)
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02 August 2013 Sir can you please send me the provision of the act.

CA UMESH DULAL

CA UMESH DULAL (Expert)
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02 August 2013 no deduction where commission is less than 5000

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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02 August 2013 if the amount exceeds Rs.5,000 then sec 194-D is case of brokerage income is applicable.

Deduct tds on gross amount including service tax charged.

A.JAGADEEP

A.JAGADEEP (Querist)
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02 August 2013 In which case Tds should be deducted excluding Service Tax amount??

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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02 August 2013 suppose amount is 5,000 and ser tax is 100 then you should deduct on 5,100 (gross).

CA UMESH DULAL

CA UMESH DULAL (Expert)
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02 August 2013 TDS is to be dedected on gross amount (i.e.commission+service tax)

A.JAGADEEP

A.JAGADEEP (Querist)
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02 August 2013 I mean that to which sections in IT Act, Tds should be deducted excluding TDS and in which sections TDS should deduct including TDS.

CA UMESH DULAL

CA UMESH DULAL (Expert)
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02 August 2013 There is no such section which excludes service tax from gross receipts

A.JAGADEEP

A.JAGADEEP (Querist)
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02 August 2013 Sec-194I permits deduction of TDS Excluding TDS???

CA UMESH DULAL

CA UMESH DULAL (Expert)
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02 August 2013 TDS has to be deducted on gross amount in every section of income tax.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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02 August 2013 where in sec 194I it is written to exclude service tax specifically.

A.JAGADEEP

A.JAGADEEP (Querist)
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02 August 2013 see circular no: 4/2008 which given by CBDT

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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02 August 2013 As a corollary to CBDT Circular 4/2008, income tax has to be deducted u/s 194D on the figure inclusive of service tax.

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Sec -194d

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