PLS LET ME KNOW THE DOCUMENTARY EVIDENCE FOR NOT DEDUCTING TAX AT SOURCE ON SERVICE TAX ELEMENT..
3 Replies
Late CA Sampat Jain
(Chartered Accountant)
(4772 Points)
Replied 08 November 2007
tds is on gross amount including service tax
Amarjeet Singh
(Chartered Accountant)
(152 Points)
Replied 09 November 2007
There is no documentary evidence but for the safer side we should deduct TDS on gross amount.
CA Nishant Kumar
(Service)
(46 Points)
Replied 12 November 2007
TDS should be deducted on gross amount as the credit is made for whole amount in the creditors' or deductee account and thus is in accordance with IT Act,1961.
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