TDS is to be deducted on Gross Amount because ( Circular mentioned by Mr. Rajat, above is specifically and exclusively for Section 194I.) not for Professional charges. ie Audit fees.
TDS is to be deducted on Gross Amount because ( Circular mentioned by Mr. Rajat, above is specifically and exclusively for Section 194I.) not for Professional charges. ie Audit fees.
Tds is to be deducted on gross amount i.e inclusive of service tax in every case except u/s 194 I(coz of recent circular) where it is to be deducted without taking into account the component of service tax..........
I wonder how a CA is claiming like this......... Except Rent TDS has to be deducted including ST only......... Just oppose boldly........... Cheers...............
I wonder how a CA is claiming like this......... Except Rent TDS has to be deducted including ST only......... Just oppose boldly........... Cheers...............
Vide Circular dated 28/04/2008, TDS is to be deducted only on rent not on service tax, but there is no any circular on 30/06/2008 stating that the benefit of circular dated 28/04/2008 cannot be extend to other fees or bill whether it is professional or of contractors, so conclusion is that TDS is to be deducted only on income payable of any kind specified under TDS provisions.
If there is doubt any one can go on following page, in this page circulars of 2008 are contained. there is no any circular dated 30/06/2008