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?
Menu
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.
.
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?
Recent Threads
- Filed Hotel commission from International Company
- Reinsurance brokerage section?
- Gst me Registration Zaruri Hain Kya?
- Discuss and Download CA Inter Question Paper Janua
- Discuss and Download CA Final Question Paper Janua
- Accounting Entry for samples received from princip
- Many of my clients who are bank employees received
- Missed filing for AY 2022-23. TDS refund possible
- Form 26QB: Assessment Year Based on Payment Date o
- Revision of Tax Audit
Related Threads
CAclubindia
