Tds on service tax
This query is : Resolved
Neha Kankani
(Querist)
12 March 2014
Hi
According to Circular 1/2014 TDS is to be deducted on amount exclusive of Service tax.
For example
I have come through an entry indicating
Exp - 2500
Service tax + Edu. Cess - 309
TDS(2%) - 57
Is it correct?
From which date this circular is applicable?
According to Circular 1/2014 TDS is to be deducted on amount exclusive of Service tax.
For example
I have come through an entry indicating
Exp - 2500
Service tax + Edu. Cess - 309
TDS(2%) - 57
Is it correct?
From which date this circular is applicable?
Amol S Joglekar
(Expert)
12 March 2014
Many a times, people go by the rule of "more the better"..... But as per the circular, TDS should have been on 2500 and not 2809
Neha Kankani
(Querist)
12 March 2014
Sir
Is this applicable to all sections of TDS or only to 194J?
Is this applicable to all sections of TDS or only to 194J?
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