Tds on crane hiring charges
This query is : Resolved
25 April 2012
Hi,
Can anybody confirm whether TDS to be deducted on Crane Hiring Charges (194I) on Gross Charges or Full Invocie amount (after Service Tax)?
Thanks.
Gireesh
Can anybody confirm whether TDS to be deducted on Crane Hiring Charges (194I) on Gross Charges or Full Invocie amount (after Service Tax)?
Thanks.
Gireesh
25 April 2012
In case of Invoice of Rent TDS is not required to be deducted on Service Tax.
25 April 2012
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.
In short--
For 194I - Deduct TDS on amount excluding service tax.
For other section - Deduct TDS on amount including service tax.
In short--
For 194I - Deduct TDS on amount excluding service tax.
For other section - Deduct TDS on amount including service tax.
25 April 2012
yes.Agree with all above.
TDS DEDUCTED INCLUDING SERVICE TAX.
CIRCULAR NO 4/2008
MANY TIME ASKED THIS QUESTION
TDS DEDUCTED INCLUDING SERVICE TAX.
CIRCULAR NO 4/2008
MANY TIME ASKED THIS QUESTION
25 April 2012
Praveen Ji i think you wanted to say "TDS TO BE DEDUCTED ON AMOUNT EXCLUDING SERVICE TAX" by mistake you have written "INCLUDING SERVICE TAX"
21 May 2012
Thanks to All.
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