Tds

This query is : Resolved

Mallesh Kumbar (Querist)
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19 February 2015 Hi Sir,

We're paying the amount of Rs. 67416 (Included ST) to The Air Cargo Association of India t/w Subscription charges.

Pls confirm Whether TDS is applicable for this payment.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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19 February 2015 Please clarify the exact nature of exoenses. What type of subscription charges is this?

Mallesh Kumbar

Mallesh Kumbar (Querist)
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19 February 2015 One Additional subscription equivalent to the amount of annual subscription paid/payable by all the active and associate members of the Association for the financial year 2014-15.

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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19 February 2015 if it is in relation to some annual industry related publication then no tds is applicable.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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19 February 2015 In the given case no TDS required to be deducted.

Rupesh Jain

Rupesh Jain (Expert)
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19 February 2015 NO TDS ON THE SUBSCRIPTION CHARGES.

Mallesh Kumbar

Mallesh Kumbar (Querist)
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19 February 2015 But the vendor has charged the service tax @ 12.36% on Subscription charges

Mallesh Kumbar

Mallesh Kumbar (Querist)
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19 February 2015 But the vendor has charged the service tax @ 12.36% on Subscription charges in the invoice.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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19 February 2015 Service Tax charged or not is not the criteria. Service Tax is charged on telephone bill too but TDS is not deducted.

The main point is that the said payment do not attract any TDS provision.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 February 2015 Service tax is chareged as it is applicable in this case and tds and service tax are 2 different taxation aspect and in this case service tax is correctly charged but no tds should be deducted.

Hope now the doubt is clear Mr.Mallesh

Mallesh Kumbar

Mallesh Kumbar (Querist)
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10 March 2015 Thank you !!!!!!!!!!!!!