Service tax n tds
This query is : Resolved
dipesh mehta
(Querist)
02 May 2012
TDS IS TO BE DEDUCTED ON GROSS AMOUNT OR NET AMOUNT INCLUSIVE OF SERVICE TAX ANY NOTIFICATION???
02 May 2012
As per Circular No.4/2008 dated 28.4.2008, it was clarified that TDS on rental payments would be required to be made only on the basic rental amount without including service tax. In other words, TDS should not be made on the service tax portion of the rent. However, this analogy is not applicable to TDS under other sections.
In short--
For 194I - Deduct TDS on amount excluding service tax.
For other section - Deduct TDS on amount including service tax.
In short--
For 194I - Deduct TDS on amount excluding service tax.
For other section - Deduct TDS on amount including service tax.
Mihir Doshi
(Expert)
02 May 2012
Agree with Exprt
CA PRAVEEN SINGH
(Expert)
02 May 2012
YES. AS PER CIRCULAR NO. 4/2008 DATED AS ON 28/04/2008
dipesh mehta
(Querist)
02 May 2012
can any mail me that notification in dipesh05@yahoo.com
02 May 2012
Mailed. Please check.
02 May 2012
Also see below link in this regard---
https://www.simpletaxindia.net/2010/04/tds-on-professional-technical-services.html
https://www.simpletaxindia.net/2010/04/tds-on-professional-technical-services.html
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