Shall TDS amount adjusted on Ser.tax
This query is : Resolved
M.Ravikumar
(Querist)
18 November 2009
We are doing construction works and our clients deducted TDS on our bills. Can we adjust the TDS against Service tax dues.
Bye the bye, this year turnover is 7 lakhs only. shall we claim exemption due to below the limit of 10 lakhs?
Bye the bye, this year turnover is 7 lakhs only. shall we claim exemption due to below the limit of 10 lakhs?
CA. B.SRINIVASULU
(Expert)
18 November 2009
NO it is not allowed to adjust tds against service tax.
Yes you can claim exemption if your turnover is less than 10 Lakhs.
Yes you can claim exemption if your turnover is less than 10 Lakhs.
shakuntala chhangani
(Expert)
19 November 2009
Hi M Ravikumar,
Ans 1 : you are not allowed to adjust Tds Against service tax as income tax dept and service tax dept are not the same.
Ans 2 : No, you can not claim exemption because service tax is charged in the current year depending upon your preceding year's turnover. if your last years turnover is below the specified limit then you get avail exemption.
Ans 1 : you are not allowed to adjust Tds Against service tax as income tax dept and service tax dept are not the same.
Ans 2 : No, you can not claim exemption because service tax is charged in the current year depending upon your preceding year's turnover. if your last years turnover is below the specified limit then you get avail exemption.
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
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- Visiting card purchase
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Whether output tax is taken credit by purchaser
- Additional trade name
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
