01 July 2011
I WANT TO KNOW ABOUT TDS CALCULATION , IS TDS CALCULATE BEFORE SERVICE TAX AMT OR AFTER SERVICE TAX AMT. SO PLEASE GIVE SOLUTION AS EARLIER AS POSSIBLE
01 July 2011
In case of rent payment covered u/s 194I of the Income tax Act,1961, income tax is to be deducted on the rent element only ie., excluding service tax. Pl refer CBDT Circular no. 4/2008.
In case of payment of Rent i.e. u/s 194I TDS is to be deducted excluding service tax . other than that for any other payment on which TDS needs to be deducted service tax is to be taken into account.
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