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procedure of filing etds

sheetal (CA) (105 Points)

15 January 2009

TDS IS TO BE DEDUCTED ON RENT EXCLUSIVE OF SERVICE TAX LEVY ON IT. BUT CAN ANYBODY TELL US WHAT SHOULD WE WRITE ON THE DEDUCTEE SHEET UNDER THE HEAD AMOUNT PAID OR CREDITED ? wEATHER AMT INCLUSIVE OF SERVICE TAX OR EXCLUSIVE OF SERVICE TAX.

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5 Replies

PiyushAgrawal (Chartered acooutant in practice) (575 Points)
Replied 15 January 2009

Originally posted by :sheetal
"	TDS IS TO BE DEDUCTED ON RENT EXCLUSIVE OF SERVICE TAX LEVY ON IT. BUT CAN ANYBODY TELL US WHAT SHOULD WE WRITE ON THE DEDUCTEE SHEET UNDER THE HEAD AMOUNT PAID OR CREDITED ? wEATHER AMT INCLUSIVE OF SERVICE TAX OR EXCLUSIVE OF SERVICE TAX.	"

it may be

exclusive of service tax.

if we deduct on amt including service tax than we surley show inclusives amt.

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CA. Ashok shah (CHARTERED ACCOUNTANT) (333 Points)
Replied 16 January 2009

The amount of Rent exclusive of service tax is liable for TDS and accordingly the same is to be mentioned under the head amount paid or credited in deductee sheet.

Nikhil Kumar (CA , Qualified CPA) (910 Points)
Replied 16 January 2009

I agree with Ashok Sir!!

sheetal (CA) (105 Points)
Replied 16 January 2009

Originally posted by :CA. ASHOK SHAH
"	Thank you sir or your reply. Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} The amount of Rent exclusive of service tax is liable for TDS and accordingly the same is to be mentioned under the head amount paid or credited in deductee sheet.	"

S.Sriram (Audit Manager) (238 Points)
Replied 16 January 2009

Originally posted by :PiyushAgrawal
"	Write fumm amt inc ST portion.. Originally posted by :sheetal " TDS IS TO BE DEDUCTED ON RENT EXCLUSIVE OF SERVICE TAX LEVY ON IT. BUT CAN ANYBODY TELL US WHAT SHOULD WE WRITE ON THE DEDUCTEE SHEET UNDER THE HEAD AMOUNT PAID OR CREDITED ? wEATHER AMT INCLUSIVE OF SERVICE TAX OR EXCLUSIVE OF SERVICE TAX. " it may be exclusive of service tax. if we deduct on amt including service tax than we surley show inclusives amt.	"