Service tax liable for tds
This query is : Resolved
29 March 2012
When a Chartered Accountant charging a bill for the service done by him,In the bill whether TDS is to be deducted for service tax also?
Note : Professional income exceeds Rs.10 lakhs and annual service charge exceeds Rs.50,000/-
Note : Professional income exceeds Rs.10 lakhs and annual service charge exceeds Rs.50,000/-
29 March 2012
Yes, income tax has to be deducted on the service tax component also meaning thereby section 194J applies on the gross amount of the bill.
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29 March 2012
Under Section 194J, TDS is required to be deducted on the total bill amount, including service tax.
Refer circular 4/2008.
Refer circular 4/2008.
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