TDS on Freight
This query is : Resolved
19 May 2008
As per Recent circular, we are deducting TDs on Gross amount of BILL, but in case of Transporter Freight, we are paying service tax i.e it is not come in the consignment NOTe, We are simply making the liability and Depositing to GOvt.So, Whether we should deduct TDs including S.Tax ,or Excluding Service TAx.
19 May 2008
Hi Lal,
It is recommended to deduct TDS including service tax.
Though as per law it is not recommended to deduct tax on tax
rgds/
vineet
It is recommended to deduct TDS including service tax.
Though as per law it is not recommended to deduct tax on tax
rgds/
vineet
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