Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 May 2012 my gross value of service (inclusive of service tax) is Rs.6,26,982

my service tax liability on the above amount will be Rs.68970(12.36%)

now do i have to deduct tds on the gross amount or on the amount net off against service tax i,e.,6,26,982 - 68,970=5,58,012

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)
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09 May 2012 If the above payment is in respect of rent, then on net value, i.e. Rs. 5,58,012.00

For other payments, TDS should be on gross value i.e. Rs. 6,26,982.00

Querist : Anonymous

Querist : Anonymous (Querist)

10 May 2012 thank you for your esteemed response sir..,

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