Relating to tds and service tax matter
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 November 2012
on which amount the tds should be deducted on lease money for exa. lease money RS.1200000 servise tax 148320 and tds @ 10% can we deduct tds on 1200000+148320 or excluding service tax
24 November 2012
You should deduct tax only on the amount of lease rent i.e. Rs. 12,00,000/- you don't need to deduct tax on the amount of service tax. As per the provisions of TDS you need not do deduct tax on the amount of tax (service tax etc.). my question is lease rent includes principle amount & interest charges & there is S.T. only on the amount of interest. in your case excess service tax charged by your party, subject to Finance Lease.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
