Tds on service tax component for payment to contractor

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 April 2014 A contractor has raised a bill on my company for 50 lakhs plus service Tax of 12.36 % amounting to a total of 56.18 lakhs.
should i deduct tds @ 2 % on 50 lakhs or 56.18 lakhs ?

07 April 2014 tds is not to be deducted on service tax component as per recent circular by cbdt.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 April 2014 i guess the circular specifies only payment under 194j and not other sections where tds is applicable.. that is wht the ambiguity is.. please elaborate!

08 April 2014 it is applicable to all sections except for 194-I.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query