13 September 2008
Tds To Be Deducted on Gross amount Inclusive of srvice tax or excluded of service tax. 1. a person take service tax credit he deducted TDS on exclude service Tax
2.person not take service tax credit he deducted TDS on inclusive of service Tax
please tell about Any Circular except 715 08/08/1995.
14 September 2008
It is very clear that TDS as per income tax would be deducted on the Gross amount.
Only recently it has been clarified that TDS in respect of rent to be deducted excluding Service tax element, rest all would be on the gross amount including service tax
CAclubindia
