Tds
This query is : Resolved
25 December 2013
Friends please clarify whether tds has to be deducted including service tax or excluding for professional charges
Snehal Parikh
(Expert)
25 December 2013
TDS on Professional Charges is deducted on gross amount of bill including service tax. The exception is only that TDS on rent is deducted on bill amount excluding service tax amount.
25 December 2013
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.
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