Tds on machinery hire service tax
This query is : Resolved
07 February 2012
Sir,
In Machinery Hire Charges we are paying Service Tax. When we deduct the TDS is it applicable on Full Amount(Hire Charges + Service Tax) or only on Hire Charges
Kindly do the needful.
In Machinery Hire Charges we are paying Service Tax. When we deduct the TDS is it applicable on Full Amount(Hire Charges + Service Tax) or only on Hire Charges
Kindly do the needful.
07 February 2012
TDS shall be deducted on the gross amount charged i.e hire charges + plus service tax amount.
07 February 2012
TDS to be deducted on amount excluding service tax.
TDS to be deducted u/s 194I.
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. This circular is applicable only for payment u/s 194I.
TDS to be deducted u/s 194I.
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. This circular is applicable only for payment u/s 194I.
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