TDS on Service Tax
This query is : Resolved
09 January 2010
TDS is to be deducted on service tax or not ?
e.g. Bill Amt. - 20,000
Service Tax - 2,000
Total Amt. - 22,000
What will be amt. to be deducted at source @ 10%.
Is there any notification regarding/ circular regarding same .
e.g. Bill Amt. - 20,000
Service Tax - 2,000
Total Amt. - 22,000
What will be amt. to be deducted at source @ 10%.
Is there any notification regarding/ circular regarding same .
09 January 2010
TDS to be deducted on Rs. 22000 because as per sec 198 of the Income Tax Act 1961, TDS is a deemed receipt in the hands of recepient of amount.
Regards,
Manish Soni
Regards,
Manish Soni
09 January 2010
It depends on how you treating with the amount of service tax.if you are taking cenvat credite of service tax it means that expenditure which is going to be debited to the P&L A/c is only Rs 20000.00 and TDS will be deducted on Rs 20000.00 only and if whole amount of bill is to be debited to the P&L A/c then TDs is to be deducted on Rs 22000.00
Regards
CA. Umesh Gupta
Regards
CA. Umesh Gupta
10 January 2010
on gross amount of bill.
10 January 2010
tds need to deduct including service tax
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
- Inventory of finished goods
- 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
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Applicability of Ind As to associate of associate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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 einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
