tds on service tax amount
This query is : Resolved
01 December 2009
when we deducte the tds on which amt we need to deduct inclusive of service tax or inclusive of service tax
01 December 2009
we have to deduct tds when we give credit or making payment whichever is earlier. Normally we have to deduct tds on service provided(gross) not inclusive of Service Tax.
01 December 2009
TDS is payable on 'any sum paid' and that includes service tax as service tax is an integral part of the bill / receipt. When you claim 80C for LIC or 80D for Mediclaim, you are claiming it on the Service Tax Portion also as that is the gross amount of the transaction. Therefore you have to apply TDS on the entire bill including service tax.
However, for Section 194I, service tax has been specifically excluded to be a part of the rent. In other sections this is not the case. However, if the service tax liability is on the service receiver, then TDS is applicable only on the bill of the service provider as you do not pay the service tax to the provider as in other cases.
However, for Section 194I, service tax has been specifically excluded to be a part of the rent. In other sections this is not the case. However, if the service tax liability is on the service receiver, then TDS is applicable only on the bill of the service provider as you do not pay the service tax to the provider as in other cases.
02 December 2009
Agreed
02 December 2009
Agree
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.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Regarding TDS Applicability For Director Remuneration
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- TDS APPLICABILITY......
- Copyright software
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
