tds deduction including servicetax or excluding
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 March 2011
Wile auditing we found in one expenses they deduct tds after servicetax but in another expenses head they deduct including servicetax, so there is any impact on accounting standards or accounting, or any where
21 March 2011
only tds on rent should be deducted excluding service tax otherwise rest of all tds should be deducted including s.t
21 March 2011
No such impact. No problems also.
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. However, this analogy is not applicable to TDS under other sections.
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. However, this analogy is not applicable to TDS under other sections.
21 March 2011
In case of Rent , TDS is not required to be deducted as per the above mentioned circualar. For rest of expense, TDS were required to be deducted on the Bill amount which is including the Service tax, even if it may be a Tax on tax...
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