Dear All,
What i wan't to know is that we have to duduct TDS on inclusive of Service tax amount olso or on Basic amount.
Also let me know any changes in TDS rates for the F.Y. 2009-2010.
sRINIVAS
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TDS deductable on what amount
Replies (2)
Hi Srinivas
TDS is deducted on gross amount except in the case of Rent it is deducted on net amount( without Service Tax)
No there is no change in the rates of TDS
thanks Himanshu,
But you say that in Rent only basic amount is liable for TDS so, it will be the same case for Hire charges of Machinery, Bus , Sumo etc. Please let me know the same.
Srinivas
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