Tds on service tax component for payment to contractor
This query is : Resolved
Querist : Anonymous
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 ?
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!
08 April 2014
it is applicable to all sections except for 194-I.
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