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.
Querist :
Anonymous
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!