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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
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Answer Posted / sanjay s. mehta
TDS SHOULD BE CALCULATED ON BASE AMOUNT ONLY i.e. EXCLUDING
SEVICE TAX;AS THE SERVICE TAX IS NOT A PART OF INCOME BUT
JUST FOR DEPOSITING TO GOVT.A/C
HENCE THE AMOUNT OF SERVICE TAX IS INCOME OF THE GOVT.
AND NOT FOR THE PARTY CONCERNED;SO THIRD PARTY TAXATION IS
NOT LIABILITY OF PARTY CONCERNED.
| Is This Answer Correct ? | 5 Yes | 11 No |
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