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Tds-to be deducted on st also

TDS 1047 views 5 replies

Dear All,

Whether TDS to be deducted excluding Service Tax portion or including Service Tax portion.

Plz clarify me at the earliest.

Thannks & Regards

Sowmya.S

 

Replies (5)

https://www.taxmanagementindia.com/visitor/detail_rss_feed.asp?id=546

please go through above link...u may get answer

 

Only in case of rent (sec 194I) tds is to be deducted excluding Service tax amount and on all other payments tds is to be deducted on amount including service tax.

Dear Sowmya,

Sowmya S

Read more at: /forum/tds-to-be-deducted-on-st-also-233502.asp#.UOPFLXfXvcc
Sowmya S

Read more at: /forum/tds-to-be-deducted-on-st-also-233502.asp#.UOPFLXfXvcc
Sowmya S

Read more at: /forum/tds-to-be-deducted-on-st-also-233502.asp#.UOPFLXfXvcc

you can refer https://blog.tdsman.com/ site . Here you can find all TDS related news. I hope your queries will be solved..smiley

TDS IS DEDUCTED ON GROSS AMOUNT i.e. (BASIC AMOUNT + SERVICE TAX) AND EXCEPTION TO THIS RULE IS SEC 194I WHICH MEANS THAT IN CASE OF RENT ONLY TDS IS TO BE DEDUCTED ON RENT AMOUNT EXCLUDING SERVICE TAX.

why it is exempt in 194 I rent payment's?


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