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TDS to be deducted

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 April 2010 while on releasing of payment of a contractor bill, may please advise
(i)TDS is chargeable on Basic amount+Service Tax
(ii) Servce tax is chargeable on Basic Amount
(iii)Expenses opf Contractor such as waterc harges is deductable on basic amount
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
10 April 2010 tds will be deducted on full amount i.e. Basic+service tax.
service tax will be applicable on service charge amount. i.e. chargebale to service tax amount it can be basic or less also depend on circumstances.
exp will not be deducted from the bill
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
10 April 2010 AGREE WITH EXPERT
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
11 April 2010 agreed.inclusive of service tax only

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