tds deduction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2010
Sir,
service provider has raised for Rs 11030/-
(Rs 10000+ service tax Rs 1030/-)
so TDS Deducted on which amount Rs 10000/- or Rs 11030/- & why
service provider has raised for Rs 11030/-
(Rs 10000+ service tax Rs 1030/-)
so TDS Deducted on which amount Rs 10000/- or Rs 11030/- & why
05 August 2010
tds need to deduct on Rs.11030/-
05 August 2010
As per Circular No.4/2008 dated 28.4.2008, it was clarified that TDS on rental payments would be required to be made only on the basic rental amount without including service tax. In other words, TDS should not be made on the service tax portion of the rent.
05 August 2010
From the despcription given in the question, it does not appear that the payment made is for rent, hence the TDS needs to be deducted Including the amount of service tax also. However the amount of service provision does not seems to be attracting TDS provisions at all.
05 August 2010
Except for S. 194-I (Rent Payments), all other payments (ncluding 194-C, 194-J, etc., all taxes paid to the supplier/vendor/service provider should be considered for deduction of TDS on gross paid amount. However, have a look on threshold limits as well for attracting TDS.
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