Tds-service tax
This query is : Resolved
01 May 2012
IS TDS DEDUCTED AFTER ADDING SERVICE TAX??BCOZ I HAD VOUCHED SO MANY VOUCHER IN WHICH TDS DEDUCTED AFTER SERVUCE TAX ADDING......so THERE IS DOUBLE TAX...TAX ON TAX!!!!!!!!
02 May 2012
Depends on the language of section under which tds is deducted.
Eg : TDS on Rent specifically says that TDS should not be deducted on the service tax element.so TDS would be deducted on only the rental amount
Eg TDS on professional servidces u/s 194j says..TDS should be deducted on the receipt. hence,TDS would be deducted on the service tax element too in this case
Hence,whenever yu deduct TDS,read the concerned section and apply accordingly!
Eg : TDS on Rent specifically says that TDS should not be deducted on the service tax element.so TDS would be deducted on only the rental amount
Eg TDS on professional servidces u/s 194j says..TDS should be deducted on the receipt. hence,TDS would be deducted on the service tax element too in this case
Hence,whenever yu deduct TDS,read the concerned section and apply accordingly!
Message likes :
1 times
02 May 2012
EXCEPT SECTION 194I I.E. TDS ON RENT, TDS IS TO BE DEDUCTED ON SERVICE TAX COMPONENT TOO. ONLY ON RENT SERVICE TAX IS TO ELEIMINATED WHILE DEDUCTING TDS. SO IT CAN BE SAID THAT IT IS DOUBLE TAXATION
24 May 2012
Please read circular number 4/2008 for clarification.
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Disallowance of Section 43B(h) to sez units
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- 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
Trending Online Classes
CAclubindia
