Reply to Notice u/s 245, Intimations u/s 143(1), Rectification Applications u/s 154

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Thursday, June 10, 2010

Is TDS to be deducted on Service tax component of the bill too?

Here is an example that will clear the air:(as amended by Finance Act 2010):

A CA raises a bill on his client Rs. 24,000 as Prof Fee + Rs. 4,000 towards hotel bill [bill produced as proof for reimbursement] + Rs. 2,472 towards service Tax Totalling to: Rs. 30,472.00. Then TDS is deductible. But the hotel bill which is a reimbursement and service tax can under no stretch of imagination be treated as income. Hence the TDS is to be made on Rs. 24,000.00 only (even though this alone does not exceed the threshold limit) which is the “income component” of the total bill.
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