Tds on invoice value or basic value
This query is : Resolved
thirupathi
(Querist)
23 August 2014
Hello Everyone
I would like to ask a question that is
tds is be deducted on invoice value or basic value.
For ex. if value of services=100000
service tax @12.36% =12360
total =112360
Than tds on which amount to be deducted whether on 100000 or 112360.
Please give a detail answer with some reference of case studies.
I would like to ask a question that is
tds is be deducted on invoice value or basic value.
For ex. if value of services=100000
service tax @12.36% =12360
total =112360
Than tds on which amount to be deducted whether on 100000 or 112360.
Please give a detail answer with some reference of case studies.
Nischit Sanghavi
(Expert)
23 August 2014
TDS should be deducted on Basic value i.e. before service tax. as per notification issued on 13th January 2014, TDS is not to be deducted on Service Tax portion.
thirupathi
(Querist)
23 August 2014
thanku sir
however is this can also be applicable to 194c and 194j
however is this can also be applicable to 194c and 194j
Nischit Sanghavi
(Expert)
23 August 2014
it is applicable to all sections.
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