hey freinds,
Whether tds is deducted on service tax portion also?..say i hav received service of Rs.20000+stax 2000=22000..then whether while making payment to service providr,i'm reqiured to deduct tds on 20000 or 22000?say tds is reqiured to be deducted
Hi
Yes, tax needs to be deducted on the amount credited which includes Service Tax as well.
However, for deduction of tax on rentals, service tax will not be includible.
Well I think so TDS Shall be deducted from rs.22,000/-
in case of 194I tax to be deducted on the amount before service tax i.e. . But, in case of 194J tax to be deducted after service tax.
Refer attached circulars
Circular No. 4/2008, dated 28-03-2008
Circular No. 275/73/2007IT(B) dated 30-6-2008
Except on rent, service tax will be includible for the TDS purpose. TDS to be made on rent excluding service tax amount as per circular no. 4/2008.
| Originally posted by : CA Neil Ganatra | ||
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Except on rent, service tax will be includible for the TDS purpose. TDS to be made on rent excluding service tax amount as per circular no. 4/2008. |
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ya T.D.S is deducted on service tax portion also except in case of Sec.194I i.e rent.
you did't tell that wt kind of service provided by you?
ya T.D.S is deducted on service tax portion also except in case of Sec.194I i.e rent.
you did't tell that wt kind of service provided by you?
Only in case of 194j , TDS is to be deducted on the total amount including service tax. In rest of the cases, TDS is not deducted on service tax amt.
TDS will de deducted in 22000
yes you have to deduct tax on service tax amount also
Except for Rent, TDS will be deducted on amount including Service Tax
A gov't department has procurred chemicals worth more than Rs. 20000/- from any registered supplier, now i want to know whether tds is to be deducted from the supplier's bill/invoice and issue form-D certificate by the govt dept.
kindly arrange TDS rates for F.Y 2012-13
CAclubindia
