TDS
This query is : Resolved
08 December 2009
I have a doubt as to treatment of service tax while computing threshold limit u/s 194C,194J & 194I.Should they be included for the purpose of computing the value?Say if the amount payable towards Pure rent is Rs.110000 p.a. + 10.3% service tax and I am availing Cenvat credit for the service tax paid.then should I be liable to deduct TDS
09 December 2009
Service tax will not be included to consider the limit of rent. That it; you are not liable to deduct tax.
Ca Rakhecha
Surat
Ca Rakhecha
Surat
09 December 2009
To be more specific on the point, as per Supreme Court ruling, exclussion of service tax for the purpose of TDS is applicable IN THE CASE OF RENT ONLY.
All viewers are requested to kindly take a note of it.
Regards
All viewers are requested to kindly take a note of it.
Regards
09 December 2009
Mr.Paliwal
u r saying dat service tax will be excluded only in case of rent(194I) & it will be included for the purpose of 194C,194H & 194J?
u r saying dat service tax will be excluded only in case of rent(194I) & it will be included for the purpose of 194C,194H & 194J?
09 December 2009
Dear Mr Desai,
Recently CBDT has issued a circular where they have clarified that TDS not be deducted on Service tax charged in case of Rental income.hence we should not consider TDS on service tax portion but circular is silent on tds on service tax in case of 194C,J etc. hence, we should deduct tds on service tax portion in other cases.
Recently CBDT has issued a circular where they have clarified that TDS not be deducted on Service tax charged in case of Rental income.hence we should not consider TDS on service tax portion but circular is silent on tds on service tax in case of 194C,J etc. hence, we should deduct tds on service tax portion in other cases.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
