TDS deduction
This query is : Resolved
23 December 2008
Whether the TDS should be deducted on gross amount (including CST,VAT Custom etc.) or it should exclude & only on the net amount. Please quote the circular reference if any.
CA.ViVeK M ACA
(Expert)
23 December 2008
As per section 194 c it si specifically mentioned that the amount as included in the bill. it is the gross amount which including vat , cess service taxes etc.we have to deduct the TDS on the final bill.
23 December 2008
TDS on rent should be deducted on the gross amt excluding service tax. TDS for other payments shall be made on gross amount.
CA Tilak Raj Sharma
(Expert)
23 December 2008
Jairam is correct.
C A GROUP COACHING
(Expert)
23 December 2008
AS PER SUPREME COURT CIRCULAR ISSUED IN SOMEWHERE JAN / FEB THIS YEAR TDS ON RENT TO BE DEDUCTED ONLY ON NET RENT & SERVICE TAX NOT TO BE INCLUDED THERE ON FOR DEDUCTION OF TDS
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