Dear Friends,
I m in to Interior Industry on which amount i have to deduct TDS (i.e. Basic amt + vat+Service tax) or only on basic amt + service tax.
Thanking you,
Paresh..
10 Replies
Deepak Garg
( )
(134 Points)
Replied 26 May 2010
u have to deduct tax only on basic amount................................
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 26 May 2010
In case of TDS on rent u/s 194I the amount should exclude Service tax but in other cases its on toal bill amount including vat and service tax. Although here is the problem of double taxation but it has to be deducted on total amount.
Jagdish Bhalia
(Practicing CA)
(453 Points)
Replied 26 May 2010
Except in case of Rent u/s 194(I) TDS would be deducted on total amount (including service tax and VAT).
Bala
(Student)
(498 Points)
Replied 26 May 2010
Except in case of rent, the TDS should be deducted on the total amount
Dhani
(Final Student)
(67 Points)
Replied 26 May 2010
I think VAT is to be excluded for TDS. Since VAT is collected on transfer of the goods, not for the job work or service done and it is collected and paid to the Govt not retained by the assessee.
NITIN JAIN
(CA FINAL STUDENT)
(42 Points)
Replied 27 May 2010
if we deduct tds on full amount then its double taxation problem... but in normal practice we deduct tds on full amount..in case of rent 194(I) its clear. but in all other case it's not clear.so tds will be deducted on full amount
CA Sandeep Thakur
(Managment Trainee)
(188 Points)
Replied 27 May 2010
u have to deduct the TDS on the full amount of Basic +service charges and vat amount
rgrds
sandeep
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