In case of Foreign companies service tax liability is on service receiver.
Please advice while deducting Tax @ 20% or other rate service tax portion shall be added or not
Menu
TDS on payment to foreign companies
Replies (2)
TDS is not deducted on a statutory liability irrespective of whom the payment is being made to .....
You have to deduct Tds on inclusive of service tax
Update:05.07.2008:A clarification regarding applicability of circular 4/2008 has been issued by the dept to bombay chamber of commerce and clarified that section 194 J is not covered under circular 4/2008 .hence tds should be deducted on service tax under section 194J(professional fees)
As per my consideration it is applicable for u/s 195
Recent Topic
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
Related Topics
CAclubindia
