31 August 2008
author : K.Sridhar Posted On : 8/31/2008 7:20:17 PM Dear Sir,
Suppose this is a Security Bill. Amount Rs 21000 Service Tax Rs 3000 Total Rs 24000 How to deduct TDS u/s 194(c).Is it tds is to be deducted on Rs 21000 or Rs24000.Here Service Tax element is taken in to consideration or not?
Regards
Answer: Actually It Should Be Deducted On 21000/- But Many People Opine That It SHould On 24000/-. Anyways If U Deduct On 21000/- It Won't Tantamount to Any Non-Followance Of Any Law.
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