Dear All,
One of the Bills for purchase of FIxed assets i.e some programming language have been purchased , consist service tax charged on the Basic amt. VAT is also charged on Basic + ST.
Contention of the Client is that TDS shall not be deducted since VAT is charged on Basic+ST and its constitutes as purchase.
However, since Service Tax is charged, it is a presumption that the services might have been provided and thus TDS is applicable on the whole bill amt.
Please help
To protect yourself and safe side, i would suggest you to deduct TDS as professional/technical services (194J)
CAN YOU SHOW THE BILL HERE OR THE PARTICULARS OF THE BILL ITEM
I am srry sir, but that is not possible.however i can provide with the details
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
