Tds us 194 c
Querist : Anonymous
transaction in contract base 94 C 2%
Ass.Value : 30,000/=
Service Tax: 4,200/=
Total Amount Paid : 34200/=
So Can I deduct TDS On this Transaction or not ?
Beacuse of 94 C Payment of Contract Rules Rs.30000/= For Single Payment
but as per rules tds deducted on Before Service tax amount ...
TDs is to be deducted on amount excluding service tax but the section says the payment or credit exceeding rs 30000/- in single payment the deduct TDs.
Hence in your case deduct TDs.
Querist : Anonymous
Agree with the learned expert.
Querist : Anonymous
the actual transaction is after MR.X death fixed deposit transfer to Mr. x Wife approx of rs.4 lac and after some month fixed deposit premature and take rupees in saving a/c and then withdrawal approx 3,50,000 via cash for house purchase .
So i am file Compliance Response for Self Investment / Expenditure is out of accumulated savings.
and itr has not been filed reason no taxable
So this is right or wrong
Please Give me a urgent Reply
Querist : Anonymous
the actual transaction is after MR.X death fixed deposit transfer to Mr. x Wife approx of rs.4 lac and after some month fixed deposit premature and take rupees in saving a/c and then withdrawal approx 3,50,000 via cash for house purchase .
So i am file Compliance Response for Self Investment / Expenditure is out of accumulated savings.
and itr has not been filed reason no taxable
So this is right or wrong
Please Give me a urgent Reply
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