whether to calculate tds on amount including service tax or excluding service tax
Menu
service tax
Replies (5)
Dear Sachin,
TDS u/s 194 I - Excluding Service Tax based n Board Circular
Others( 194C & 194 J) - Including Service Tax
Correctly said by Aamir.........For Rent payment No TDS on Service Tax.............Other than this Deduct on whole Bill Amount........
Agree with amir.. the circular is Circular No 4 of 2008
TDS on rent-------------------------> on Net i.e. Without considering Service Tax. Because Land lord is not eligible for CENVAT Credit.
TDS on Other Payments--------> Supposed to deduct TDS on gross amount i.e. including service tax, because he will also take the credit of Service Tax Component.
Hope You got it,
Thanks
Well conveyed by Shabir
Recent Topics :
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
Related Topics :
CAclubindia
