For the exemption limit of 30000/75000 u/s 194C, whether the limit should be considered including service tax or excludng? Eg. Service value 28000/-, service tax(14%)-3920/-,total bill value-31920/-. whether tds should be deducted if its a single payment in that year?
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Clarification on exemption limit for tds deduction
Replies (2)
Vide Circular No. 01/2014, dated 13.01.2014, CBDT has exempted deduction of TDS from service tax component if it's charged separately.
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In the given instance, the amount payable excluding service tax is below the specified limit. Hence, TDS u/s 194C is not applicable.
The above circular exempts service tax component from tds deduction, whether same applies in deciding the exemption limit?
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