Tds on which amount
This query is : Resolved
05 October 2013
DEAR EXPERTS
PL. REMOVE MY FOLLOWING CONFUSION.
(1) TDS TO BE DEDUCTED ( UNDER 94C, 94J, 94I)
ON WHICH AMOUNT ? i.e., ON TOTAL BILL AMOUNT ( INCLUDING SERVICE TAX CHARGED ON US ) OR ON AMOUNT BEFORE SERVICE TAX, i.e. BASIC AMOUNT ?
PLEASE ELABORATE YOUR REPLY THESE 3 SECTION-WISE
THANKS
ANCKOORA
PL. REMOVE MY FOLLOWING CONFUSION.
(1) TDS TO BE DEDUCTED ( UNDER 94C, 94J, 94I)
ON WHICH AMOUNT ? i.e., ON TOTAL BILL AMOUNT ( INCLUDING SERVICE TAX CHARGED ON US ) OR ON AMOUNT BEFORE SERVICE TAX, i.e. BASIC AMOUNT ?
PLEASE ELABORATE YOUR REPLY THESE 3 SECTION-WISE
THANKS
ANCKOORA
05 October 2013
Hey
It was announced that the exemption from deducting TDS on Service Tax is only under Section 194I for the rent paid.
And therefore TDS on service tax is liable to be deducted on all payments other than for rent paid.
Pl refer for announcement: https://law.incometaxindia.gov.in/Directtaxlaws/act2005/cirsec194J.htm
Thanks//VaibhavJ
It was announced that the exemption from deducting TDS on Service Tax is only under Section 194I for the rent paid.
And therefore TDS on service tax is liable to be deducted on all payments other than for rent paid.
Pl refer for announcement: https://law.incometaxindia.gov.in/Directtaxlaws/act2005/cirsec194J.htm
Thanks//VaibhavJ
05 October 2013
For professional charges covered u/s 194J also, income tax need to be deducted on the fee element only ie, excluding service tax.
Citation:- CIT (TDS),Jaipur Vs. M/s. Rajasthan Urban Infrastructure [2013] (8) TMI 12(Rajasthan).
Citation:- CIT (TDS),Jaipur Vs. M/s. Rajasthan Urban Infrastructure [2013] (8) TMI 12(Rajasthan).
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