TDs Query
This query is : Resolved
15 May 2009
My query : TDS is deducted on which amount :
Example : Gross Amount : 25000 + service tax10.30% - 2575 = total amount : 27575/-
So on which TDS is deducted on 25000/- or 27575/-
In last year we r deducted TDS on Gross amount excluding service tax.
Service tax is not considered in case of Rent – is it true?
If TDS is deducted on total amount & we deducted TDS on Gross amount, what is the procedure to rectify the error.
Example : Gross Amount : 25000 + service tax10.30% - 2575 = total amount : 27575/-
So on which TDS is deducted on 25000/- or 27575/-
In last year we r deducted TDS on Gross amount excluding service tax.
Service tax is not considered in case of Rent – is it true?
If TDS is deducted on total amount & we deducted TDS on Gross amount, what is the procedure to rectify the error.
15 May 2009
No, TDS should be deducted on gross amount.
15 May 2009
In case of rent service tax need not be considered for the purpose of TDS.
15 May 2009
Thanks for ur reply sir,
So TDS should be deducted on Gross amount excluding service tax.. why different CA are giving different opinion on this matter, our CA told us to deduct TDS on Total amount including service tax. he says service tax is not consider in case of Rent matter only.
So TDS should be deducted on Gross amount excluding service tax.. why different CA are giving different opinion on this matter, our CA told us to deduct TDS on Total amount including service tax. he says service tax is not consider in case of Rent matter only.
15 May 2009
Amol,
Circular specifically issued for TDS on rent u/s 194I. Hence TDS needs to deducted on gross amount only for the purpose of TDS u/s 194I i.e. rent.
For rest you need to deduct the tds including service tax also.
Circular specifically issued for TDS on rent u/s 194I. Hence TDS needs to deducted on gross amount only for the purpose of TDS u/s 194I i.e. rent.
For rest you need to deduct the tds including service tax also.
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
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Copyright software
- SFT Cash Deposit in Current Account
- Regarding TDS Applicability For Director Remuneration
- GST Treatment of Insurance Commission for Existing GST Holder
- 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
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
