Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 May 2012
my gross value of service (inclusive of service tax) is Rs.6,26,982
my service tax liability on the above amount will be Rs.68970(12.36%)
now do i have to deduct tds on the gross amount or on the amount net off against service tax i,e.,6,26,982 - 68,970=5,58,012
my service tax liability on the above amount will be Rs.68970(12.36%)
now do i have to deduct tds on the gross amount or on the amount net off against service tax i,e.,6,26,982 - 68,970=5,58,012
09 May 2012
If the above payment is in respect of rent, then on net value, i.e. Rs. 5,58,012.00
For other payments, TDS should be on gross value i.e. Rs. 6,26,982.00
For other payments, TDS should be on gross value i.e. Rs. 6,26,982.00
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 May 2012
thank you for your esteemed response sir..,
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