Tds applicable on ca bill include service tax?

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Querist : Anonymous

Querist : Anonymous (Querist)

25 April 2014 Hello Sir,

Please help me in case our CA created bill of Rs60000/+Service tax 12.36 % chrged extra.

Fees = 60000
S.T. 12.36% = 7416

Total Bill Amount = 67416/-

Whether TDS deduct on Rs.67416 or 60000?

plse give me entry also.

Sandeep Dharar

Sandeep Dharar (Expert)
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25 April 2014 TDS should be on 60K i.e exclusive of Service Tax.

Professional Fees Dr 67416
To TDS 6000
To Bank 61416
(Being paid professional Tax to....... by deducting TDS @10% u/s 194J)

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Querist : Anonymous

Querist : Anonymous (Querist)

25 April 2014 But why not deduct on gross value?
i mean 67416?

Sandeep Dharar

Sandeep Dharar (Expert)
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25 April 2014 It is rule as per Income Tax act that TDS should b deducted exclusive of Service Tax. U n me can't do anything in this matter. This is the rule set by IT Authority and we have to obey this.

Querist : Anonymous

Querist : Anonymous (Querist)

25 April 2014 okay.
thanx sir for provide me valuable knowledge & with very fast service.
thanx once again.

Sandeep Dharar

Sandeep Dharar (Expert)
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25 April 2014 ur welcome friend. Convey ur thanks by hitting "Thank User" button.

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