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?

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.

30 July 2009 I also agree with expert


30 July 2009 Rightly answerd by Shyam



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries