Service Tax & TDS Calculation
This query is : Resolved
28 June 2010
Dear Sir,
Please solve my issue for following hypothetical case
Bill Amount : 7500
Service Tax : 10% = 750 Rs
Query 1 - TDS Amount should be calculated on Bill Amount or Bill + Service Tax Amount
Query 2 - Service Tax Amount should be calculated on Bill Amount or Bill - TDS Amount
Kindly consider TDS Rate as 2%
Please solve my issue for following hypothetical case
Bill Amount : 7500
Service Tax : 10% = 750 Rs
Query 1 - TDS Amount should be calculated on Bill Amount or Bill + Service Tax Amount
Query 2 - Service Tax Amount should be calculated on Bill Amount or Bill - TDS Amount
Kindly consider TDS Rate as 2%
28 June 2010
Q1 - TDS should be calculated on Bill Amount + Service Tax(Except service tax on renting of immovable property)
Q2. Service tax should be calculated on Bill Amount.
Service Amt = 7500
ST(10%) = 750
Bill Amt = 8250
TDS 2% = 265
Q2. Service tax should be calculated on Bill Amount.
Service Amt = 7500
ST(10%) = 750
Bill Amt = 8250
TDS 2% = 265
Message likes :
3 times
28 June 2010
Thanks, i guess TDS will be 165 just typing error
Really helpful
Really helpful
28 June 2010
Agreed with experts. TDS will be deducted which is Rs.165.
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