Mohammed Dalal (Chartered Accountant) (163 Points)
03 June 2011Dear All,
One of the Bills for purchase of FIxed assets i.e some programming language have been purchased , consist service tax charged on the Basic amt. VAT is also charged on Basic + ST.
Contention of the Client is that TDS shall not be deducted since VAT is charged on Basic+ST and its constitutes as purchase.
However, since Service Tax is charged, it is a presumption that the services might have been provided and thus TDS is applicable on the whole bill amt.
Please help
Harpreet
(* * * * * *)
(1670 Points)
Replied 03 June 2011
To protect yourself and safe side, i would suggest you to deduct TDS as professional/technical services (194J)
CA DEEPAK BANSAL
(ACA, B.COM(H) )
(61 Points)
Replied 03 June 2011
CAN YOU SHOW THE BILL HERE OR THE PARTICULARS OF THE BILL ITEM
Mohammed Dalal
(Chartered Accountant)
(163 Points)
Replied 03 June 2011
I am srry sir, but that is not possible.however i can provide with the details
CAclubindia
