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Tds deduction inclusive st or excluding st

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Querist : Anonymous

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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
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
24 October 2015 deduct tds on fees amount i.e. 50000
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 October 2015 As per CBDT circular 1/2014 dated 13-1-2014, income tax need to be deducted on Rs. 50,000 only.
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