Tds on service charges
This query is : Resolved
23 January 2014
hi... hw much can we deduct TDS on service charge bill? exampl. ... principal amt. 12631+ s.tax. 1561= total.. 14192..... in whch amnt Tds deduct n hw much % .. thnx.
Ganeshbabu K
(Expert)
24 January 2014
As per CBDt circular 1/2014 dated 13.01.2014
.
.
no tds on service tax portion if carged seperately in invoice
.
.
so if bill shows service tax clearly
.
.
tds only on 12631
.
.
@2% or 1% as case may be under section 194C
.
.
incase of tds 194J @10%
.
.
no tds on service tax portion if carged seperately in invoice
.
.
so if bill shows service tax clearly
.
.
tds only on 12631
.
.
@2% or 1% as case may be under section 194C
.
.
incase of tds 194J @10%
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