Tds & service tax
This query is : Resolved
31 May 2013
sir,
i want to know whether in case of professinal fees s.194J tds is deducted on the gooss amount inclusive of service tax or not?
i want to know whether in case of professinal fees s.194J tds is deducted on the gooss amount inclusive of service tax or not?
31 May 2013
TDS to be deducted on Gross Bill amount including service Tax.
As per Circular No.4/2008 dated 28.4.2008, it was clarified that TDS on rental payments would be required to be made only on the basic rental amount without including service tax. In other words, TDS should not be made on the service tax portion of the rent. However, this analogy is not applicable to TDS under other sections.
In short--
For 194I - Deduct TDS on amount excluding service tax.
For other section - Deduct TDS on amount including service tax.
As per Circular No.4/2008 dated 28.4.2008, it was clarified that TDS on rental payments would be required to be made only on the basic rental amount without including service tax. In other words, TDS should not be made on the service tax portion of the rent. However, this analogy is not applicable to TDS under other sections.
In short--
For 194I - Deduct TDS on amount excluding service tax.
For other section - Deduct TDS on amount including service tax.
31 May 2013
Yes, you can go as per sanjay sir suggestion.
194I-deduct TDS on amount excluding servicetax
for other section: deduct TDS on amount including servicetax
Plese refer below file detailed explanation which gives some clarity on this
https://www.caclubindia.com/share_files/tds-on-service-tax-on-all-payments-except-rent-56695.asp
194I-deduct TDS on amount excluding servicetax
for other section: deduct TDS on amount including servicetax
Plese refer below file detailed explanation which gives some clarity on this
https://www.caclubindia.com/share_files/tds-on-service-tax-on-all-payments-except-rent-56695.asp
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- ASMT-10 received from A O
- Banking Related Issue
- Difff in ais receipts and gst turnover
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- TDS _Long term Capital Gain ref.sec 214 Table 2
- IT returns for fresh job holders
- Grand in aid
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
