Tds deduct before service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 June 2012
HELLO,
I HAVE A PROBLEM TO DEDUCT TDS
RENT RECEIVED 160000 CR
SERVICE TAX 16480 CR
TDS RECEIVABLE 17648 DR
MR.X 158832 DR
TDS CHARGE INCLUDING SERVICE TAX OR EXCLUDING SERVICE TAX
TDS CHARGE ON 160000 AMT. OR
TDS CHARGE ON (160000+16480)* 10%
I HAVE A PROBLEM TO DEDUCT TDS
RENT RECEIVED 160000 CR
SERVICE TAX 16480 CR
TDS RECEIVABLE 17648 DR
MR.X 158832 DR
TDS CHARGE INCLUDING SERVICE TAX OR EXCLUDING SERVICE TAX
TDS CHARGE ON 160000 AMT. OR
TDS CHARGE ON (160000+16480)* 10%
08 June 2012
194I : tds on rent and not on service tax. 194J : tds on professional fees + service tax. Circular 4 of 2008
09 June 2012
Service tax is payable on gross amount and not net of tds. Rent is only an exception where sertax is net of tds payable
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