Tds deduction inclusive st or excluding st
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 October 2015
Sir/Madam,
PL REFER GIVEN BELOW IS ONE CASE:
CONSULTATION BILL RECEIVED. WHEATHER
TO DEDUCT TDS ON 57,000 OR ON 50,000.
IN THIS CASE WE ARE AVAILING MODVAT
ON SERVICE TAX.
SERVICE BASIC AMT Rs.50,000
ST @ 14% Rs. 7,000
______
Total Rs.57,000
======
PLEASE ADVISE,
REGARDS
PL REFER GIVEN BELOW IS ONE CASE:
CONSULTATION BILL RECEIVED. WHEATHER
TO DEDUCT TDS ON 57,000 OR ON 50,000.
IN THIS CASE WE ARE AVAILING MODVAT
ON SERVICE TAX.
SERVICE BASIC AMT Rs.50,000
ST @ 14% Rs. 7,000
______
Total Rs.57,000
======
PLEASE ADVISE,
REGARDS
CA AnKiT BoHrA (AB)
(Expert)
24 October 2015
deduct tds on fees amount i.e. 50000
Message likes :
1 times
24 October 2015
As per CBDT circular 1/2014 dated 13-1-2014, income tax need to be deducted on Rs. 50,000 only.
Message likes :
1 times
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