tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 March 2010
paymet made for commission.TDS is deducted on total amount i.e commission plus service tax or onnly commission amount.Pl clerify and is there any circular.
18 March 2010
There is two opinion about the matter
1) As CBDT has clarify that in case of tds under section 194 I rent , TDS is to be deducted on gross amount excluding service tax. Therefore same will be applicable on the TDS on commission
2) second opinion is that as it is not specifically mention for commission therefore it should be deducted on inclusive of service tax amt.
1) As CBDT has clarify that in case of tds under section 194 I rent , TDS is to be deducted on gross amount excluding service tax. Therefore same will be applicable on the TDS on commission
2) second opinion is that as it is not specifically mention for commission therefore it should be deducted on inclusive of service tax amt.
Message likes :
1 times
18 March 2010
TDS SHOULD BE DEDUCTED ON COMMISSION ONLY AND NOT ON SERVICE TAX.
TDS IS DEDUCTED ON SOURCE OF INCOME. SERVICE TAX IS NOT INCOME OF DEDUCTEE.
TDS IS DEDUCTED ON SOURCE OF INCOME. SERVICE TAX IS NOT INCOME OF DEDUCTEE.
18 March 2010
Tds should be deducted on Commision only
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
- REGARDING GST ON COMMERICIAL PROPERTY
- 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.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
