banner_ad

TDS on Service Tax

TDS / TCS 4939 views 28 replies

quote this..

 

service tax on 50,000 wil be only 5150  i.e., @ 10.3% n not  6438.

Can you plz give any ref or circular no ..................

CIRCULAR NO. 4/2008, DATED 28-4-2008 og IT Act

Dear Trinath,

As per that circular

  tax deduction at source (TDS) under sections 194-I of Income-tax Act would be required to be made on the amount of rent paid/payable without including the service tax.

It only say's about Sec 194-I what about other Sec.?

 

I agree with Suhas and the said circular talks about section 194 I only. Nobody should interprete the said circular in his/her own discretion. TDS should be deducted on gross amount including service tax in all other cases except Rent.

 

Yes, that circular is applicable only for rent and on all other payments, TDS is to be deducted on gross amount, i.e., inclusive of Service tax.

Goodmorning Everybody,

TDS only applicable if, the total Rent paid is morethan 1,20,000/- P.A., which not included Service tax. So, TDS rate will be applicable over 1,20,000/-  only.

Bibhuti Bhusan Das

Refer this link

Dear all,

I m clear about rent i.e sec 194-I. I m asking about the other sec.

 

tds is not deducted on another tax so only rentable amount is taxable not service tax

tds is not deducted on another tax so only rentable amount is taxable not service tax

tds is not deducted on service tax

Originally posted by :Sudhakar Shetty V. K.
"
Yes, that circular is applicable only for rent and on all other payments, TDS is to be deducted on gross amount, i.e., inclusive of Service tax.
"

 

agree.........................

If tds is deducted on entire professional charges amount inclusive of service tax what will be the accounting effect ie:how much will be the income of the service provider...if only the professional charges then dont you think the service provider is given excess credit of tds  on service tax also.

 

please clarify  iam going mad...


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details