Tds

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aprajita

aprajita (Querist)
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22 September 2014 Whether tds to be deducted on amount including toll tax?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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22 September 2014 Toll tax? Please tell in detail about nature of payment and components of Bill.

aprajita

aprajita (Querist)
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22 September 2014 Rent a cab service provided by Part A to Party B
Party A raises bill as

gross amount 1500
Toll charges 200
Total 1700

60% abatement 1020
40% non abated 680

680*12.36%=84 service tax paid by Party B

Whether tds to be deducted on 1700 or 1500 or (1500-84)

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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22 September 2014 Service Tax and TDS both to be calculated on Rs 1500/-. TDS not to be deducted on Service Tax. Threshold limit u/s 194I is Rs 1.80 lacs p.a. so also keep that in mind.