TDS on professional charges
This query is : Resolved
19 May 2009
Hi all..
I know that the tds on rent should be charged only on the amount exclusive of service tax. But what should be the treatment for the professional charges.
For Eg. Audit Fees - Rs.20,000 Pm
10.3% service tax - Rs.2,060
Total - Rs.22,060 Per Month..
Whether tds @ 10.3% will be charged on Rs.20,000 or on Rs.22,060.
And also clarify me, wat are the cases where tds to be charged on amt exclusive of service tax.
Thanks in advance.
I know that the tds on rent should be charged only on the amount exclusive of service tax. But what should be the treatment for the professional charges.
For Eg. Audit Fees - Rs.20,000 Pm
10.3% service tax - Rs.2,060
Total - Rs.22,060 Per Month..
Whether tds @ 10.3% will be charged on Rs.20,000 or on Rs.22,060.
And also clarify me, wat are the cases where tds to be charged on amt exclusive of service tax.
Thanks in advance.
19 May 2009
The circular 4/2008 dt 28/4/2008 specifically provides for tds on rent (sec 194 I) to be deducted on the amount payabe net of service tax. The above circular apply only to 194 I and no other circular has been issued so for with respect to other payments. Hence deduction of TDS amount net of Service tax applies only to 194 I and not for other sections in which TDS is deducted
19 May 2009
The circular 4/2008 dt 28/4/2008 specifically provides for tds on rent (sec 194 I) to be deducted on the amount payabe net of service tax. The above circular apply only to 194 I and no other circular has been issued so for with respect to other payments. Hence deduction of TDS amount net of Service tax applies only to 194 I and not for other sections in which TDS is deducted
19 May 2009
TDS TO BE MADE ON AMOUNT INCLUDING SERVICE TAX
19 May 2009
TDS TO BE MADE ON AMOUNT INCLUDING SERVICE TAX
19 May 2009
TDS TO BE MADE ON AMOUNT INCLUDING SERVICE TAX
19 May 2009
Agree with expert
19 May 2009
Thank you everybody.. But, may i know the exact reason behind deducting service tax for rent alone
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- Annual return in Gst
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
