TDS
This query is : Resolved
30 July 2009
IF professional chgs. for 2008-09 is Rs.1,00,000.
Service tax-Rs.10,300.
TDS must be deducted on Rs.1,00,000 or Rs.1,10,300?
Service tax-Rs.10,300.
TDS must be deducted on Rs.1,00,000 or Rs.1,10,300?
30 July 2009
The normal practice is to deduct TDS on the gross amount, ie. including Service Tax.
The only exception is TDS on rent of commercial property, where tds needs to be deducted on net amount, ie. excluding TDS, in view of the specific circular by the CBDT.
TDS must be deducted on 110300.
The only exception is TDS on rent of commercial property, where tds needs to be deducted on net amount, ie. excluding TDS, in view of the specific circular by the CBDT.
TDS must be deducted on 110300.
30 July 2009
I also agree with expert
30 July 2009
Rightly answerd by Shyam
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