Tds on invoice amount

Page no : 2

CA Pooja Agarwal (Chartered Accountant) (3228 Points)
Replied 28 September 2012

very well pointed out

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Ankit (CA, CS) (3064 Points)
Replied 28 September 2012

that is because of a circular no 4/2008 dated 28/4/2008.

this is not applicable for TDS u/s 194J . the clarification for this has also been issued by the CBDT dated 30/6/08

sourav jain (INTERNAL AUDITOR) (128 Points)
Replied 28 September 2012

AS PER LAW

TDS IS TO BE DEDUCTED ON ANY AMOUNT PAID WHICH MEANS SERVICE TAX WILL BE INCLUDED

BUT IN CASE OF TDS ON RENT PAID TDS WILL BE DEDUCTED EXCLUDING SERVICE TAX AS ITS SPECIFICALLY EXCLUDED BY NOTIFICATION

1 Like

CA PRAVEEN SINGH (MANAGER ACCOUNTS) (2277 Points)
Replied 28 September 2012

TDS IS TO BE DEDUCTED INCLUDING SERVICE TAX EXCEPT TDS ON RENT.AS PER CBDT CIRCULAR NO 4/2008 DATED 28-04-2008 HAS CLEARIFIED THAT TDS IS NOT LIABLE TO DEDUCTED INCASE OF TDS ON RENT INCLUDING SERVICE TAX.

SO THAT TDS ON RENT EXCLUDING SERVICE TAX.

1 Like

CA Pooja Agarwal (Chartered Accountant) (3228 Points)
Replied 28 September 2012

@ ramesh..pls dont bluff okay..he he ..you had no idea about it..

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Ankit (CA, CS) (3064 Points)
Replied 28 September 2012

Dear Ramesh,

even if Service Tax is charged, TDS HAS to be deducted...you pls read your post again..and check whether it meant the same or NO

1 Like

CA Pooja Agarwal (Chartered Accountant) (3228 Points)
Replied 28 September 2012

thanks for defending me ankit..and ramesh..take it light..no offending you..was having fun

CA Pooja Agarwal (Chartered Accountant) (3228 Points)
Replied 28 September 2012

right..i agree

CA Pooja Agarwal (Chartered Accountant) (3228 Points)
Replied 28 September 2012

Originally posted by : RAMESH ...cma final
	M NOT MAKING U AGREE WITH ME ..........UR WORDS SHOW UR NATURE, ATTITUDE,THINKING....BLA BLA.......

nature,attitude ,thinking....grow up man....!!!!!this is a professional site..you gave contradictory statements..and you know that..you were not aware of the issue.still you posted we are not relying on you..and instead of accepting the contradiction on your statements..you are blaming somebody's attitude,nature...

well its better not to argue with ignorant people..

CA Pooja Agarwal (Chartered Accountant) (3228 Points)
Replied 28 September 2012

Originally posted by : RAMESH ...cma final
	I DONKT KNOW.....WHICH TDS IS DEDUCTED IN ANY INVOICE ........ PLEASE REFER SECTION .....PATA NAHI KYA PUCH RAHE HO YA PHIR MUJHE HI PATA NAHI HE.......

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CA Pooja Agarwal (Chartered Accountant) (3228 Points)
Replied 28 September 2012

Originally posted by : RAMESH ...cma final
	KYA DJUSTED ............HOW CAN U DEDUCT TAX IN SUCH A AMOUNT WHERE THERE IS SERVICE TAX ALREADY LEVIED........ PATA NAHI KYA PUCH RAHE HO...

CA Pooja Agarwal (Chartered Accountant) (3228 Points)
Replied 28 September 2012

Originally posted by : RAMESH ...cma final
	THATS WHAT I SAID..........BUT THEY ARE NOT RELYING ME......

CA Pooja Agarwal (Chartered Accountant) (3228 Points)
Replied 28 September 2012

Originally posted by : RAMESH ...cma final
	YES .....THATS WHAT I KNOW...I DUNNO WHETHER IT IS RIGHT OR WRONG....BUR I DIDNT CHANGE MY STATEMENT....IT MIGHT BE WRONG....BUT WHAT IS BLUFFING....SOUNDS FUNNY ...... I KNOW YOU PEOPLE ARE FROM TAX AND ACCOUNTS FIELD ...SENIOR TO ME ...WELL VERSED WITH TAX.........WHATEVER IS THAT BUT I DIDNT CHANGE MY STATEMENT....

Gunjan Tulsyan (Article) (222 Points)
Replied 28 September 2012

It will be the entire Invoice value until and unless its a bill of rent in which case it would be on Rs.35600 i.e. excluding the ST amount...!!!

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santosh (Accountant) (34 Points)
Replied 29 September 2012

dear sir,

we are manufacture company & we paying the rent & ST is charges rent , w are not taking cenvat credit of ST so now we have to deduct the tds on incls of ST or excluding please clarify the doubt