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
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.
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
