25 January 2014
As tds is not required to be deducted on the amount of service tax specifically mentioned in the invoice, what amount is to be shown in amount paid to the contractor in 26 Q return? Value of professional service, say Rs.100 and service tax Rs.12.36 ,so total amount of invoice raised by the contractor is Rs.112.36,now tds u/s 194J is Rs. 10, what is the amount to be shown in 26 Q as amount paid to the contractor Rs. 100 or Rs. 112.36?If we show Rs.112.36 then IT authority will raise demand for short deduction as tds is Rs.10.
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