in case of sec 194j, 194c why tds cut on inclusive of service tax. it is a double taxation . pls give me the logic
1 simple, tds is not at the income tax rate which is 30% or the Average rate applicable for an individual.
Hence, even if any reimbursements in case of Contract, or any other indirect taxes are included in the Bill,
that will not make much difference.
2 Further, anothr reason could PROBABLY BE for Simplification of the Tax formalities.
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
Chirag N Shah & Associates
Mumbai
CA Inter
SKSS
Patna
CA
SNCO
Vakilsearch.com
Chennai
N S Gokhale & Co
Thane
BANSAL YOGESH AND CO
Gautam Budh Nagar
B.Com
R Shyam and Associates
New Delhi
CA Final
Pipara & Co. LLP.
Modal body text goes here.
India's largest network for finance professionals
Alternatively, you can log in using: