Hi. Can anyone tell me whether to deduct TDS on SMS Service provided by Vendor. Please support your answer with any circular.
if Single Payment Exceed 30000 And Aggreegate During The Year Rs.75000 Then Deduct TDS u/s 194C
Why Tds deduct under Section 194 C. There is no contract between us
it will covered u/s 194C that's why
Can you tell me why it will be covered u/s 194C?? We dont have any contract we are paying only for their invoice. @ Mehul
contract doesn't means you have to be written contract even if you are making payment in lumpsum payment for annual or monthly payment the alos it will covered under contract
But in our books what we would show?? Because They have raised the bill charging service tax???
https://pdicai.org/AnsDisp.aspx?e=6lDgRyDz0WHp7SQx%2BT2tsLutbp7rFpEsWiqZ0AzikUS5c%2F8Kv%2BNR4a5J3BFYyn58Z5HVKcIxxKw%3D
you have to deduct TDS excluding Service Tax amount
I have googled about the answer. So many site is showing that tds should not be deducted. Because this is a marketing service
Why do you think tds should be deducted u/s 194C?? @ Mehul
Check In This Attachment
Since Some Are Saying Yes To Deduct TDS and Some Are Not I Think You Have To Be At Safe Side To Better Deduct TDS
okk. one more question if we deduct tds on contract. In which head we will show this expenses?? Because it is for marketing of our company
You Can Creat Sub Ledger As SMS Charges Under Advertisement Exp/Business Promotion Exp. or Whatever TDS Amount You Deducted It Will Come Under The Duties And Taxes
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