Tax Deduction At Source
This query is : Resolved
31 August 2008
author : K.Sridhar
Posted On : 8/31/2008 7:20:17 PM
Dear Sir,
Suppose this is a Security Bill.
Amount Rs 21000
Service Tax Rs 3000
Total Rs 24000
How to deduct TDS u/s 194(c).Is it tds is to be deducted on Rs 21000 or Rs24000.Here Service Tax element is taken in to consideration or not?
Regards
Answer: Actually It Should Be Deducted On 21000/-
But Many People Opine That It SHould On 24000/-.
Anyways If U Deduct On 21000/- It Won't Tantamount to Any Non-Followance Of Any Law.
Posted On : 8/31/2008 7:20:17 PM
Dear Sir,
Suppose this is a Security Bill.
Amount Rs 21000
Service Tax Rs 3000
Total Rs 24000
How to deduct TDS u/s 194(c).Is it tds is to be deducted on Rs 21000 or Rs24000.Here Service Tax element is taken in to consideration or not?
Regards
Answer: Actually It Should Be Deducted On 21000/-
But Many People Opine That It SHould On 24000/-.
Anyways If U Deduct On 21000/- It Won't Tantamount to Any Non-Followance Of Any Law.
01 September 2008
C.B.D.T HAS CLARIFIED THAT IN THE SAID CASE TAX IS TO BE DEDUCTED ON Rs.24000/-AND NOT ON Rs.21000/-
01 September 2008
I agree with Sri Chkrapani. You may also like to visit http://www.taxworry.com/2007/03/tds-on-gross-amount-including-service.html
02 September 2008
But If Someones Deducts on 21000/-
There is No Problem At All.
There is No Problem At All.
02 September 2008
Tds is on total liability that inclusive of Service Tax.Service tax must be included in calculatiing TDS u/s 194C.
20 April 2010
Yes. TDS in case of 194C is deductible even on Service Tax elements.
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