Gross Amount charged is Rs. 100000. TDS to be deducted at the rate of 10%. GST is applicable on said bill at 18%.
Will TDS be deducted on Rs. 100000 or Rs. 118000? What will be the TDS amount?
Menu
Gst on invoice subject to tds
Replies (5)
Under which section your case falls?
TDS will be deduct on Rs100000/-
tax is not an part of income of receiver.
TDS will be charged on old basis.there are no change in the concept of TDS
tax is not an part of income of receiver.
TDS will be charged on old basis.there are no change in the concept of TDS
Rental Income 194 I
Service tax paid by the tenant does not partake the nature of income of landlord. The
landlord only acts as a collecting agency for Government for collection of service tax.
Therefore tax deduction at source (TDS) under Sec. 194-I of the Income-tax Act would
be required to be made on the amount of rent paid/payable without including service tax.
Service tax paid by the tenant does not partake the nature of income of landlord. The
landlord only acts as a collecting agency for Government for collection of service tax.
Therefore tax deduction at source (TDS) under Sec. 194-I of the Income-tax Act would
be required to be made on the amount of rent paid/payable without including service tax.
Recent Topic
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
Related Topics
CAclubindia
