29 August 2009
professional service= rs 22000 service tax = rs 2266 total = rs 24266
is it correct to say that tds on professional charges deductible on rs 24266 as the amount credited in the account of professional is rs 24266. please clairfy.
I think you need are correct you need to deduct TDS on gross amount + service tax i.e. 24266/- in all cases except Rent, in case of rent you only need to deduct TDS on gross amount.