TDS TO BE DEDUCTED OR NOT WHEN PAID ON RENT,PROFESSIONAL SERVICES AND COMMISION ETC.???
service tax input credit not taken in case of professional then what is to be done...?? please reply for the query as early as possible...
thanks
CA NEHA SHARMA (CA) (81 Points)
25 February 2010TDS TO BE DEDUCTED OR NOT WHEN PAID ON RENT,PROFESSIONAL SERVICES AND COMMISION ETC.???
service tax input credit not taken in case of professional then what is to be done...?? please reply for the query as early as possible...
thanks
Max Payne
(employed)
(2569 Points)
Replied 25 February 2010
Only for rent u/s 194-I, you can exclude service tax from TDS... see circular 4 of 2008...
For all other payments, TDS will be on the total billed amount
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
