TDS

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This query is : Resolved

Harshad R Pandya (Querist)

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

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)

01 July 2011 TDS is to be deducted on Gross amount which means including service Tax

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

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.

ABHISEK TOSNIWAL

ABHISEK TOSNIWAL (Expert)

01 July 2011 Dear Harshad,

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.

Regards
Abhisek Tosniwal

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