Service Tax & TDS Calculation

This query is : Resolved

ChintaN (Querist)
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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%

Shyam Lal Naik

Shyam Lal Naik (Expert)
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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

Message likes : 3 times

ChintaN

ChintaN (Querist)
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28 June 2010 Thanks, i guess TDS will be 165 just typing error
Really helpful

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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28 June 2010 Agreed with experts. TDS will be deducted which is Rs.165.

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