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
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Tds-to be deducted on st also
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,
you can refer https://blog.tdsman.com/ site . Here you can find all TDS related news. I hope your queries will be solved..
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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