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TDS

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(Querist)
30 July 2009 IF professional chgs. for 2008-09 is Rs.1,00,000.
Service tax-Rs.10,300.

TDS must be deducted on Rs.1,00,000 or Rs.1,10,300?
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
30 July 2009 The normal practice is to deduct TDS on the gross amount, ie. including Service Tax.

The only exception is TDS on rent of commercial property, where tds needs to be deducted on net amount, ie. excluding TDS, in view of the specific circular by the CBDT.

TDS must be deducted on 110300.
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VINEESH KHANNA

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VINEESH KHANNA (Expert)
30 July 2009 I also agree with expert
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taxindiaconnect

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taxindiaconnect (Expert)
30 July 2009 Rightly answerd by Shyam
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