quote this..
service tax on 50,000 wil be only 5150 i.e., @ 10.3% n not 6438.
CA Trinath Galla
(student)
(3130 Points)
Replied 05 November 2009
quote this..
service tax on 50,000 wil be only 5150 i.e., @ 10.3% n not 6438.
C.A. M.Com. Suhas A. Nagpure
(CA)
(1175 Points)
Replied 05 November 2009
Can you plz give any ref or circular no ..................
CA Trinath Galla
(student)
(3130 Points)
Replied 05 November 2009
CIRCULAR NO. 4/2008, DATED 28-4-2008 og IT Act
C.A. M.Com. Suhas A. Nagpure
(CA)
(1175 Points)
Replied 05 November 2009
Dear Trinath,
As per that circular
tax deduction at source (TDS) under sections 194-I of Income-tax Act would be required to be made on the amount of rent paid/payable without including the service tax.
It only say's about Sec 194-I what about other Sec.?
Satish
(CA Final Student)
(479 Points)
Replied 05 November 2009
I agree with Suhas and the said circular talks about section 194 I only. Nobody should interprete the said circular in his/her own discretion. TDS should be deducted on gross amount including service tax in all other cases except Rent.
CA SUDHAKAR
(CHARTERED ACCOUNTANT)
(189 Points)
Replied 05 November 2009
Yes, that circular is applicable only for rent and on all other payments, TDS is to be deducted on gross amount, i.e., inclusive of Service tax.
Bibhuti Bhusan Das
(Financial Analyst)
(144 Points)
Replied 06 November 2009
Goodmorning Everybody,
TDS only applicable if, the total Rent paid is morethan 1,20,000/- P.A., which not included Service tax. So, TDS rate will be applicable over 1,20,000/- only.
Bibhuti Bhusan Das
N.J.R
(Practice)
(346 Points)
Replied 06 November 2009
Refer this link
C.A. M.Com. Suhas A. Nagpure
(CA)
(1175 Points)
Replied 10 November 2009
Dear all,
I m clear about rent i.e sec 194-I. I m asking about the other sec.
CA Trinath Galla
(student)
(3130 Points)
Replied 22 November 2009
| Originally posted by :Sudhakar Shetty V. K. | ||
| " | Yes, that circular is applicable only for rent and on all other payments, TDS is to be deducted on gross amount, i.e., inclusive of Service tax. |
" |
agree.........................
Kasilinga Selvan
(Article Assistant)
(24 Points)
Replied 17 January 2010
If tds is deducted on entire professional charges amount inclusive of service tax what will be the accounting effect ie:how much will be the income of the service provider...if only the professional charges then dont you think the service provider is given excess credit of tds on service tax also.
please clarify iam going mad...
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
CAclubindia
