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 (5)
Hi,
I think,TDS needs to be deducted on Service value so in your case service value is less then 30 k so no need for TDS deduction
I too agree with Kapil. Since TDS is not applicable on ST element, the balance only will be considered as the consideration in which case TDS may not be applicable.
Excluding S T only..
On servicetax TDS is not applicable so only amount without s. Tax TDS is applicable but in your case no red is applicable since amt is less than 30000.so dont vory about Tds
Tds is deducted excluding service tax element.So while considering tds limit is should be excluding service tax component.In our case no need to deduct tds.
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
