tds-deduction
This query is : Resolved
26 December 2007
tds deducted on bill including service tax or excluding service tax.
our clinet ONGC Ltd net bill given after deduction of service tax on that amount we deducted TDs as per contractors
this is correct or not
plz sir
our clinet ONGC Ltd net bill given after deduction of service tax on that amount we deducted TDs as per contractors
this is correct or not
plz sir
Devendra Mishra
(Expert)
26 December 2007
Dear Harshit,
TDS on contractors bill with service tax has to be deducted on total amount including service tax.
TDS on contractors bill with service tax has to be deducted on total amount including service tax.
SANDEEP AGGARWAL
(Expert)
26 December 2007
I also agree TDS on total bill value including service tax is leviable.
26 December 2007
When it is a contract bill, the contract amount should include the service tax as the income tax law specifies as "any sum' for calculation of tds, but if the tds is for professional charges then service tax can be deducted for calculating tds.
26 December 2007
As per the guidelines and regulations given by the authorities TDS has to be deducted inclusive of service tax i.e on teh gross amount
26 December 2007
As per the guidelines and regulations given by the authorities TDS has to be deducted inclusive of service tax i.e on teh gross amount
27 December 2007
Mr.Harshit, As per the Act, TDS has to be deducted including Service tax.
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