Tds deducted on service tax
This query is : Resolved
22 August 2014
Sir
TDS has been deducted in the FY 2014-15(August 2014) on service tax for the bills/invoices raised in the Financial year 2013-14.
Example: Invoices raised for Rs. 35,00,000 service tax of 4,32,600 in the FY 2013-14 but they have deducted the TDS of Rs. 3,93,260 for the total FY 2013-14 in August 2014
please tell me that recent circular of TDS not to be dedcuted on Service tax will be applicable in this case
TDS has been deducted in the FY 2014-15(August 2014) on service tax for the bills/invoices raised in the Financial year 2013-14.
Example: Invoices raised for Rs. 35,00,000 service tax of 4,32,600 in the FY 2013-14 but they have deducted the TDS of Rs. 3,93,260 for the total FY 2013-14 in August 2014
please tell me that recent circular of TDS not to be dedcuted on Service tax will be applicable in this case
22 August 2014
Yes. It will be applicable because TDS is being deducted in August i.e., after the issue of circular.
22 August 2014
but now how can i claim the amount of TDS deducted on Service tax
22 August 2014
You can claim the TDS amount in your Income Tax Return. Dont include the service tax amount in your income and claim the actual TDS deducted from you.
22 August 2014
Thank you so much so I can claim the amount in my next it return
22 August 2014
Yes. Please ensure that they have fiked the return in this year.
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