When calculating tds on a service bill ,TDS need to be
calclated on "Base Amount" or "Base Amount"+ "Service tax" ?
please answer with relevant provision
Answer Posted / sp bhadri
THERE ARE DIFFRENT VIEW ON THIS, PRACTICALLY SERVICE TAX IS
NOT AN INCOME OF SERVICE PROVIDER CAUZ HE HAS TO PAY THIS
TO GOVT.DEPTT AFTER COLLECTING IT FROM CLIENT, BUT NOW RULE
HAS COME THAT ONLY IN CASE OF RENT (SEC 194I) WE HAVE TO
DEDUCT THE TAX ON BASE VALUE ONLY.
Is This Answer Correct ? | 33 Yes | 1 No |
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