we r paying rent to co. around Rs.60000 & they charged service tax around 7416 & i m deducting the TDS on whole amt i.e.67416 but the co. wants that the TDS should be deducted on the Rs 60000 only not including service tax is it proper way of deducting TDS or not Plz tell me?
regards
Sitaram
TDS should be deducted on the whole amount including service tax
| Originally posted by :Trinath | ||
| " | TDS should be deducted on the whole amount including service tax | " |
Wrong. Only under Sec 194 I excluding service tax TDS is Calculated
| Originally posted by :Sitaram | ||
| " | we r paying rent to co. around Rs.60000 & they charged service tax around 7416 & i m deducting the TDS on whole amt i.e.67416 but the co. wants that the TDS should be deducted on the Rs 60000 only not including service tax is it proper way of deducting TDS or not Plz tell me? regards Sitaram |
" |
No TDS on service tax in case of Rent Only.
WE HAVE PAID YEARLY LISTING FEES TO STOCK EXCHANGE MUMBAI.
WHETHER TDS IS APPLICABLE ON THIS PAYMENT & IF YES THAN UNDER WHICH SECTION.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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