Tds & service tax

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Dipen Thakkar (Querist)
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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

CA Devanand Jethanandani

CA Devanand Jethanandani (Expert)
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11 December 2014 You are not liable to deduct TDS as it is within the thresh hold limit of 30000.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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

Rupesh Jain (Expert)
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12 December 2014 you have to take value w/o service tax .
if cross the limit rs. 30000/- then deduct the TDS

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Dipen Thakkar

Dipen Thakkar (Querist)
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19 January 2015 what is the difference between fixed assets & capital goods, in simple meaning?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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19 January 2015 Basically no difference. Capital goods are fixed assets itself.

Dipen Thakkar

Dipen Thakkar (Querist)
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20 January 2015 that means both are same?
how to define?

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