Tds
This query is : Resolved
17 August 2012
Dear Sir,
I have a small Doubt in deduction of the tds
Whether TDS is to be deducted on a contractual payments for example a contract with a telephone company for a fix amount for providing telephone or lease line ??? Bill received from a telephone company which is base amount + service Tax @ 12.36% on it.
It is a contract with a company for a specific work for specific amount. Service tax is charged on a bill by a telephone company as he is acting as a service provider.
What about the TDS in such case ???
I have a small Doubt in deduction of the tds
Whether TDS is to be deducted on a contractual payments for example a contract with a telephone company for a fix amount for providing telephone or lease line ??? Bill received from a telephone company which is base amount + service Tax @ 12.36% on it.
It is a contract with a company for a specific work for specific amount. Service tax is charged on a bill by a telephone company as he is acting as a service provider.
What about the TDS in such case ???
17 August 2012
As it is a case of contract, TDS is require to deduct @2% on net amount i.e.including Service Tax.
17 August 2012
Thanks for your reply.
Can you give me some notification or section which states this ???
I am facing a problem with a telephone company. They are not accepting the TDS deduction and the deducted amount is getting add back to my next bill.
As per telephone lease line service provider this TDS deduction is exempt by low.
Can you give me some notification or section which states this ???
I am facing a problem with a telephone company. They are not accepting the TDS deduction and the deducted amount is getting add back to my next bill.
As per telephone lease line service provider this TDS deduction is exempt by low.
17 August 2012
Leased line means Internet Leased line?
17 August 2012
There is no need to deduct the TDS for Internet. It has also been held in case of Skycell Communication Ltd.v.Deputy CIT(2001)251 ITR 53 (Mad).
17 August 2012
R u satisfied from this reply?
17 August 2012
Yes !!! Leased Line is Internet Leased line as well as telephone - that is Land line.
So no need to deduct a TDS ???
So no need to deduct a TDS ???
17 August 2012
I given you a case law reference, find the case from some where and read it if you are able to.
17 August 2012
U welcome!!!
No need to say thanks. We are here to solve each other problems.
No need to say thanks. We are here to solve each other problems.
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