Tds

This query is : Resolved

ARJUN ASHOK (Querist)
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17 October 2013 amount payable=10000 service tax=1236 my doubt is that on what amount tax is to be deducted? on 10000 or 11236 or 8764?

CA Pallav Singhania

CA Pallav Singhania (Expert)
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17 October 2013 TDS will be deducted on the full amount.
It is only the case of rent {194I} where tds is not deducted on the amount of service tax.

ARJUN ASHOK

ARJUN ASHOK (Querist)
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17 October 2013 so v hav to deduct tax on Rs. 11236 ryt?

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CA Pallav Singhania

CA Pallav Singhania (Expert)
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17 October 2013 Yes, If you are not deducting TDS on Rent...

Nikhil Kaushik

Nikhil Kaushik (Expert)
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17 October 2013 agreed with the expert. wondering where did u get the amount 8764?

In case Rs 10,000 is inclusive of service tax. then service tax shall be Rs

ARJUN ASHOK

ARJUN ASHOK (Querist)
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17 October 2013 wat vil b the effect of service tax of Rs.1236 if reverse charge is applicable in the said example

CA Pallav Singhania

CA Pallav Singhania (Expert)
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17 October 2013 Then the service provider as well as the receiver will be liable to pay proportionate service tax depending upon the nature of the service...

ARJUN ASHOK

ARJUN ASHOK (Querist)
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17 October 2013 thank u sir

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