01 June 2008
Dear sir, 1.i want to know when we have to deduct the TDS on receipt of Bill or when we are making the payment to contractor. or which will come first.
2. TDS has to deduct on total amount of bill (with service tax) or without service tax.
As per CIRCULAR NO. 4/2008, DATED 28-4-2008, TDS on Rent to be deducted on Amount excluding Service tax...for all other payment u have to deduct TDS on total amount of bill(with service tax)..
For more details vsist http://law.incometaxindia.gov.in/TaxmannDit/DisplayPage/dpage1.aspx?md=1