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how will one calculate TDS when the bill is with service tax
(SAY an AMC bill ) and
what treatment will be there when it is a rent bill with
service tax. is there any rules in income tax as to deduct
double taxation?? pls help with rules sir
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Answer / Niharika Nandan
For bills containing both Service Tax and TDS, the TDS can be calculated by subtracting Service Tax from the total amount. However, it's essential to ensure that the service tax is creditable under the GST laws for avoiding double taxation. For rent bills with service tax, the TDS should be deducted only on the rent component, excluding the service tax amount. Income Tax Rules provide provisions for set-off and refund of Service Tax paid in cases where double taxation arises.
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