Tds & service tax
This query is : Resolved
Dipen Thakkar
(Querist)
11 December 2014
Our charted accountant send us Bill of Rs. 31460 (28000 Ass.Value + 3460 S.Tax) as a Professional Service Bill. Now As per Under Sec 194 J, I crossed the limit of Rs. 30000 but including Service Tax. Now, please tell me here I am liable to deduct TDS or Not bcoz excluding S.tax amount is only Rs. 28000?
Thank U
Thank U
11 December 2014
You are not liable to deduct TDS as it is within the thresh hold limit of 30000.
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11 December 2014
TDS not required to be deducted in given case. Amount excluding service tax will be considered for threshold limit.
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Rupesh Jain
(Expert)
12 December 2014
you have to take value w/o service tax .
if cross the limit rs. 30000/- then deduct the TDS
if cross the limit rs. 30000/- then deduct the TDS
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Dipen Thakkar
(Querist)
19 January 2015
what is the difference between fixed assets & capital goods, in simple meaning?
19 January 2015
Basically no difference. Capital goods are fixed assets itself.
Dipen Thakkar
(Querist)
20 January 2015
that means both are same?
how to define?
how to define?
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