SERVICE TAX AND TDS
This query is : Resolved
04 March 2010
WHATS THE DIFFERENCE BETWEEN SERVICE TAX AND TDS?
HOW IS IT CALCULATE?
PLZ REPLY ME................
HOW IS IT CALCULATE?
PLZ REPLY ME................
04 March 2010
There is whole lot of different in Serivce tax and TDS
In short
Service tax is part of Finance Act
In service tax , generally the service provider of taxable service are liable to collect service tax on the taxable value from the service provider .
Service tax liability arise on recipt of Gross amount. For more on service tax refer 65 of fincane act.
TDS is part of Income tax Act
In TDS generally the person making payment is liable to deduct tds and deposit to government . Only certain expense are liable for TDS refer Section 192 - 196 of income tax
In short
Service tax is part of Finance Act
In service tax , generally the service provider of taxable service are liable to collect service tax on the taxable value from the service provider .
Service tax liability arise on recipt of Gross amount. For more on service tax refer 65 of fincane act.
TDS is part of Income tax Act
In TDS generally the person making payment is liable to deduct tds and deposit to government . Only certain expense are liable for TDS refer Section 192 - 196 of income tax
04 March 2010
Agree.good explanation
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
