Sitaram (Accountant) (87 Points)
02 December 2008we r paying rent to co. around Rs.60000 & they charged service tax around 7416 & i m deducting the TDS on whole amt i.e.67416 but the co. wants that the TDS should be deducted on the Rs 60000 only not including service tax is it proper way of deducting TDS or not Plz tell me?
regards
Sitaram
CA Trinath Galla
(student)
(3130 Points)
Replied 02 December 2008
TDS should be deducted on the whole amount including service tax
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14487 Points)
Replied 02 December 2008
| Originally posted by :Sitaram | ||
| " | we r paying rent to co. around Rs.60000 & they charged service tax around 7416 & i m deducting the TDS on whole amt i.e.67416 but the co. wants that the TDS should be deducted on the Rs 60000 only not including service tax is it proper way of deducting TDS or not Plz tell me? regards Sitaram |
" |
No TDS on service tax in case of Rent Only.
milind shirodkar
(service)
(81 Points)
Replied 02 December 2008
WE HAVE PAID YEARLY LISTING FEES TO STOCK EXCHANGE MUMBAI.
WHETHER TDS IS APPLICABLE ON THIS PAYMENT & IF YES THAN UNDER WHICH SECTION.
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