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.
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
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Gst Sales of FY 2023-24
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
