TDS on courier bills
This query is : Resolved
16 March 2011
Sir, May we deduct TDS on Courier bills since they charge serv. tax in bills (if yes, plz mention the limit & percentage)
16 March 2011
TDS is applicable U/s 194C @ 1% for individual or 2% for non individual as the case may be.
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16 March 2011
TDS to be deducted u/s 194C on Crossing threshold limit.
Threshold limit:
Single Bill Rs 30000/-
Annual Payment Rs 75000/-
Rates:
Individual/HUF @1%
Others @2%
If PAN not furnished @20% (U/s 206AA).
Threshold limit:
Single Bill Rs 30000/-
Annual Payment Rs 75000/-
Rates:
Individual/HUF @1%
Others @2%
If PAN not furnished @20% (U/s 206AA).
Message likes :
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16 March 2011
agreed to experts,
deduct as per suggested by experts but don't deduct tds on gross amt. deduct on pure courier value excluding s.t
deduct as per suggested by experts but don't deduct tds on gross amt. deduct on pure courier value excluding s.t
16 March 2011
Murtaza Ji TDS will be deducted on value inclusive of service tax.
As per Circular No.4/2008 dated 28.4.2008, it was clarified that TDS on rental payments would be required to be made only on the basic rental amount without including service tax. In other words, TDS should not be made on the service tax portion of the rent. However, this analogy is not applicable to TDS under other sections. Which means TDS to be deducted on amount including service tax in case of other sections.
As per Circular No.4/2008 dated 28.4.2008, it was clarified that TDS on rental payments would be required to be made only on the basic rental amount without including service tax. In other words, TDS should not be made on the service tax portion of the rent. However, this analogy is not applicable to TDS under other sections. Which means TDS to be deducted on amount including service tax in case of other sections.
17 March 2011
thanks sanjayji for correcting me.
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