CA AYUSH AGRAWAL
(Kolkata-Pune-Mumbai)
(26986 Points)
Replied 22 March 2010
Amod Ranjan
(Service)
(356 Points)
Replied 22 March 2010
TDS should be deducted on amount including service tax.
CA KHAN AURANGZAIB
(ERP FINANCIAL CONSULTANT)
(85 Points)
Replied 22 March 2010
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.
CA KHAN AURANGZAIB
(ERP FINANCIAL CONSULTANT)
(85 Points)
Replied 22 March 2010
Originally posted by : CA KHAN AURANGZAIB | ||
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. |
canadeem
(chartered accountant)
(40 Points)
Replied 22 March 2010
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..........
CA Priya
(CS Final)
(1049 Points)
Replied 22 March 2010
I wonder how a CA is claiming like this......... Except Rent TDS has to be deducted including ST only......... Just oppose boldly........... Cheers...............
CA Priya
(CS Final)
(1049 Points)
Replied 22 March 2010
I wonder how a CA is claiming like this......... Except Rent TDS has to be deducted including ST only......... Just oppose boldly........... Cheers...............
Max Payne
(employed)
(2569 Points)
Replied 22 March 2010
I am agreeing with Priya!!
You have to deduct TDS on the whole billed amount, including service tax...
What auditors sir u r having!!
Better tell some other CA to audit the audited statements!
Saurabh Sharma
(Taxation)
(226 Points)
Replied 23 March 2010
Hi TDS is required to be deducted on Service tax component in case of Sec194J except Sec19I
CA Lukesh Sethi
(CHARTERED ACCOUNTANT)
(150 Points)
Replied 28 March 2010
Hi, friends,
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
https://law.incometaxindia.gov.in/TaxmannDit/DisplayPage/dpage1.aspx?md=1
CA AYUSH AGRAWAL
(Kolkata-Pune-Mumbai)
(26986 Points)
Replied 16 April 2010
hERE IS tHAT cIRCULAR aTTACHED.........
SUDHIR & PRADEEP JI
(CA FINAL+LLB + DISA)
(2299 Points)
Replied 16 April 2010
aditya sir i agree with u. but the strong point said by shubham sir ,so he makes me confused . so sir tell me how can i remove my confusion
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