My client raised the following bill:
Professional charges: 10000
+service tax: 1236
Total 11236
Should TDS @ 10% be deducted on 10,000 or 11,236
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Tds deduction??
Replies (10)
After new amedment rules.. TDS should be deducted on only service part not on service tax amoutn... so it will b only 10000.
now, TDS SHOULD BE DEDUCTED ON 10,000 ONLY
Agree with both of them.
on 10000/-
what is the date of amendment.
on Rs.10,000/- provided service tax is separately shown in invoice !!! (Read circular 01/2014 income tax)
Dear Girish Ji,
you can explain me, how calculate the bonus.
Thanks
Dear All,
TDS to be deducted on service portionitself and not service tax portion if charged seperately in ionvoice. The relevant circular of Income tax depratment is attached for your reference.
8t should be done on onnly 1000∅
This is very logical change and the change should have earlier as the service tax never becomes part of the income of the service provider he has to further discharge it to the department so there should be deduction of TDS on service value. The same has been cleared by the circular no 1/2014.
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