TaxTMI 
TaxTMI 
Applicability of TDS
X X X X Extracts X X X X
X X X X Extracts X X X X
....pplicability of TDS<br> Query (Issue) Started By: - Hamonta Sarmah Dated:- 13-6-2008 Last Reply Date:- 24-11-2008 Income Tax<br>Got 3 Replies<br>Income Tax<br>Whether TDS provision U/s. 194C and 194J....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... of the Income Tax Act will be applicable on the gross contract amount payable (inclusive of service tax) or net contract amount payable (exclusive of service tax) Reply By V Ramanujam: The Reply: T....
X X X X Extracts X X X X
X X X X Extracts X X X X
....he Circular given by CBDT covers only 194I in this regard. Thus, it is logical that TDS should not be applied on service tax portion relating to payments falling u/s 194C/194J also, it is not supporte....
X X X X Extracts X X X X
X X X X Extracts X X X X
....d by the provisions/Circular of the board as of now. Reply By V Ramanujan: The Reply: The exclusion of service tax is only for s.194I and not for 194C or 194J. I tink the TDS is only on the gross am....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ount incl service tax Reply By CA. R.K. Aggarwal: The Reply: CBDT in its clarification to Bombay Chamber Of Commerce & Industry vide letter dt 30.06.08 has clarified that 'payment u/s 194-I differ f....
X X X X Extracts X X X X
X X X X Extracts X X X X
....rom payment u/s 194-J as in case od 194-I, TDS has to be deducted on any Income paid as Rent. However u/s 194-J, TDS is to be deducted on any sum paid as professional fees. CBDT had decided to exclude....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... TDS on s. tax component on rent because s.tax is nt income<br> Discussion Forum - Knowledge Sharing ....