I know that the tds on rent should be charged only on the amount exclusive of service tax. But what should be the treatment for the professional charges. For Eg. Audit Fees - Rs.20,000 Pm 10.3% service tax - Rs.2,060 Total - Rs.22,060 Per Month..
Whether tds @ 10.3% will be charged on Rs.20,000 or on Rs.22,060.
And also clarify me, wat are the cases where tds to be charged on amt exclusive of service tax.
19 May 2009
The circular 4/2008 dt 28/4/2008 specifically provides for tds on rent (sec 194 I) to be deducted on the amount payabe net of service tax. The above circular apply only to 194 I and no other circular has been issued so for with respect to other payments. Hence deduction of TDS amount net of Service tax applies only to 194 I and not for other sections in which TDS is deducted
19 May 2009
The circular 4/2008 dt 28/4/2008 specifically provides for tds on rent (sec 194 I) to be deducted on the amount payabe net of service tax. The above circular apply only to 194 I and no other circular has been issued so for with respect to other payments. Hence deduction of TDS amount net of Service tax applies only to 194 I and not for other sections in which TDS is deducted
CAclubindia
