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TDS applicable if Company is STPI Registered

Queries 1381 views 1 replies

CA Sriraghavan

Job

121 Points Joined March 2009

Hi The company i am working is registered with STPI and i have a confusion that whether we have to deduct TDS on the gross amount or on the amount excluding service tax on our vendor bills. As we are deducting TDS only on amount excluding service tax just because of the reason we are STPI registered and dont want to indulge in double taxation. Please advise

Raghavan 9810814796

Replies (1)

Sachin

Chartered Accountant

419 Points Joined November 2008

Dear Raghavan,

As per law you are required to deduct TDS on the amount you are paying including service tax except in the case of rent. if you are paying service tax amount, you are liable to deduct tds on it.

Please write me any query related to Taxation my email Id is SAchinagarwalcallb @ gmail.com