Hi,
for a service firm, when the payment is paid (Professional Fee + Service Tax), can someone help if the TDS should be applicable on the entire invoice value or is it only on Professional fee excluding Service Tax?
Eg:
Prof Fee : Rs 100,000
Serv.Tax : Rs 10,300
Total : Rs 110,300
Is the TDS applicable on Rs 100,000 or on Rs 110,300 ???
if there is any ITO circular to this effect, it will be of help.
thanks,