We have get the service from someone for Rs. 50,000/- + service tax 10.3% 5150 = total 55150/- .
Please tell me about TDS Deduction on which amount ?
thanks & best regards
Shriniwas Tiwari
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TDS
Replies (10)
Dear Shirinivas,
TDS Is to be deducted on 55,150 except if it a payment on a/c of Rent u/s 194 I
ya amir is correct.
tds should be deducted on Rs.55150 at the time of payment
100% agree with aamir
u dedudct tds on gross amount- 55150
yes tds is deductable on rs 55150. if this payment is belongs the nature of rent so tds is not deductable. because in case payment of rent , if payment is rs. 120000 or more than tds is deducted u/s 194I.
please tell me the more details of type of service
| Originally posted by : obulesu | ||
 |
please tell me the more details of type of service |  |
Service is professional & technical services.
TDS except in case of TDS on rent (u/s 194I) is deducted on gross bill amount. So it will be deducted on 55,150/-. For this a circular has already been published in 2008.
Amir is correct
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