Tax Deduction at source

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..... Tax Deduction at source
Query (Issue) Started By: - PRANAY DUTTA GUPTA Dated:- 19-7-2011 Last Reply Date:- 20-7-2011 Income Tax
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Income Tax
Whether TDs is deductible on Service .....

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..... tax as charged on the Bill? Reply By Mohammed Lakkadsha: The Reply: Yes , if the TDS is made for contract payment u/s 194C, since TDS is on gross payment made except payment made seprately for mate .....

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..... rial sold. But if TDS is on rent u/s 194I the TDS is not dedcutible on service tax portion. In nutshell TDS appicability on TDS portion to be assessed on case to case basis. - CA.Mohammed Lakkadsha

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..... r> Discussion Forum - Knowledge Sharing .....

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