Section 194c & 194 j
This query is : Resolved
Priyanka Dhiman
(Querist)
09 February 2013
Whether TDS provision U/s. 194C and 194J of the Income Tax Act will be applicable on the gross contract amount payable (inclusive of service tax) or net contract amount payable (exclusive of service tax)
Amol S Joglekar
(Expert)
09 February 2013
A careful reading of 194C and 194J depicts that the words used in the sections are any sum paid/ payable as against 194I or 194H where the word used is income. So deduct on GROSS in cases of word used SUM in the sections and deduct on NET in cases of word used INCOME.
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1 times
30 November 2013
It will be applicable on gross (inclusive of service tax).
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