Pls clarify the doubt about TDS deduction u/s. 194C
Our company engaged work contracts to a company, details as follows
Works contract Amount Rs. 1,80,000/-
ADD: Service Tax: Rs. 18,540/-
Total Bill Rs. 1,98,540/-
so TDS will be deduct on 1,98,540 or 1,80,000/- pls clarify my doubt immediately.
Regards
RAvi
TDS will be deducted on Gross amount and not net amount except TDS on Rent (i.e. Gross amount of rent for the purpose of tds does not include Service Tax).
TDS will be deducted on gross amount.
198540
Agree
Hi,
As WC includes material part also so there's a clarification came in last year from deptt that , if the material part is shown seperatly in bill than TDS should not be deducted on that...in other case if bifurcation has not been made then TDS to be deducted on gross amount including ST also.
So tds will be on 1,98,540/-
Regards
I am Agree to C.A Ritesh Jain (Sir)
Hi friends
TDS will be deducted on the gross amount of Rs. 198540/- not on Rs. 180000/-. Tds is deducted on the amount including Service Tax except in case of Rent under SEc 194-I.
Tds will deduted on 198540 including ST
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