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tds to be dedueted on net for 194j?

Service Tax (Legacy) 2122 views 8 replies

santosh

article

77 Points Posted on 24 May 2007

1) TDS on a bill of a professional should be charged on the net billing amount or the amount including the service tax. please give reference to section or circular please.

e.g) bill--> 10000, service tax-->1224(old rate).

so tds should be deduted for 10000, or 11224.

Replies (8)

Late CA Sampat Jain

Chartered Accountant

4772 Points Posted on 24 May 2007

including

santosh

article

77 Points Posted on 24 May 2007

can i please have the reference of sec or circular please. thank you

Anurag Gupta

13 Points Posted on 26 May 2007

AMOUNT INCLUDE SERVICE TAX FOR DEDUCTION OF TDS

Guest

460555 Points Posted on 27 May 2007

hai, iam living &working in mumbai field of accounts. so please tell me service tax rules and work details. send me on my mail.

CA Nikita

Chartered Accountant

4163 Points Posted on 29 May 2007

refer to circular no 726, dated 18-10-1995..will surely clear the query...

ankit bhatia

financial services

37 Points Posted on 31 May 2007

the tds is to be deducted on the amount including service tax......... circular 715 of cbdt clarifies the position for reimbursements...that is logically also applicable to this case........ thanks