Which is the better way tds on full amt including Service tax or excluding ST
tds on full amt includin Service tax or excluding ST
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Debate on TDS Calculation: Should TDS Include or Exclude Service Tax as per Circular No. 1/2014? A discussion on whether Tax Deducted at Source (TDS) should be calculated on the full amount including Service Tax or excluding it. One participant advises that TDS should be deducted excluding the Service Tax amount. Another participant inquires about the effective date of this rule. A third participant references Circular No. 1/2014 dated January 13, 2014, to provide clarity on the issue. (AI Summary)
TaxTMI
TaxTMI