My client raised the following bill:
Professional charges: 10000
+service tax: 1236
Total 11236
Should TDS @ 10% be deducted on 10,000 or 11,236
10 Replies
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 25 March 2014
on 10000/-
NAVEEN BAJAJ
(Asst. Manager Commecial)
(23 Points)
Replied 25 March 2014
what is the date of amendment.
Girish C Gaikwad
(Chartered Accountant)
(55 Points)
Replied 25 March 2014
on Rs.10,000/- provided service tax is separately shown in invoice !!! (Read circular 01/2014 income tax)
NAVEEN BAJAJ
(Asst. Manager Commecial)
(23 Points)
Replied 25 March 2014
Dear Girish Ji,
you can explain me, how calculate the bonus.
Thanks
CS V Periwal
(CS)
(80 Points)
Replied 26 March 2014
Dear All,
TDS to be deducted on service portionitself and not service tax portion if charged seperately in ionvoice. The relevant circular of Income tax depratment is attached for your reference.
Attached File : 1144745 1301074 no tds on st dt 13 1 2014 1 .pdf downloaded: 186 times
Akshay Garg
(Indirect tax trainee)
(457 Points)
Replied 30 March 2014
This is very logical change and the change should have earlier as the service tax never becomes part of the income of the service provider he has to further discharge it to the department so there should be deduction of TDS on service value. The same has been cleared by the circular no 1/2014.
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