whether to calculate tds on amount including service tax or excluding service tax
5 Replies
Amir
(Learner)
(4016 Points)
Replied 09 February 2010
Dear Sachin,
TDS u/s 194 I - Excluding Service Tax based n Board Circular
Others( 194C & 194 J) - Including Service Tax
CA Radhika Arde
(Chartered Accountant)
(67 Points)
Replied 09 February 2010
Correctly said by Aamir.........For Rent payment No TDS on Service Tax.............Other than this Deduct on whole Bill Amount........
Max Payne
(employed)
(2574 Points)
Replied 09 February 2010
Agree with amir.. the circular is Circular No 4 of 2008
CA SHABIR
(CA)
(336 Points)
Replied 11 February 2010
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
CA. Abhishek K. Pandey
(Manager (Advance))
(901 Points)
Replied 11 February 2010
Well conveyed by Shabir
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