Tds on st u/s 194-i
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 May 2014
Dear All,
Can any body confirm whether tds to be deducted or not service tax if service tax amount not mentioned saperately in agreement and mentioned only rental amount per month.Is there any latest circular regarding this.
Rehards,
Rama
Can any body confirm whether tds to be deducted or not service tax if service tax amount not mentioned saperately in agreement and mentioned only rental amount per month.Is there any latest circular regarding this.
Rehards,
Rama
23 May 2014
Ref Circular 1/2014 wherein if the Service tax part is clearly mentioned in the agreement then TDS need not be deducted on the Service tax portion.
However the circular no 4/2008 says that the TDS on Rent will be only on basic and will not include service tax.
Thus if the rental invoice is having breakup along with Service tax registration number there is no issue. However it would be better if the agreement can be amended to mention Service tax.
However the circular no 4/2008 says that the TDS on Rent will be only on basic and will not include service tax.
Thus if the rental invoice is having breakup along with Service tax registration number there is no issue. However it would be better if the agreement can be amended to mention Service tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
