Dear Shri Parekhji, Thanks for the TDS Chart. How ever i have one point to make and assert. The note-1 at bottom says *"Tax should be deducted on Gross Amount."*
Please read *all and entire* sections pertaining to TDS. Each section *defines on which amount* the TDS is to be deducted. Every section requires that the tax is to be deducted* on* *Income* */ Income Component*. No-where it says that the tax is to be deducted on GROSS. How ever the gross figures is to be considered for "when" [time] the tax is to be deducted. Example 1-> Contracted amount is say 18000 + expenses or Service tax is 2100 = total 20100.00. Now the tax has to be deducted. But on 18000 only. Please read the section. Example 2-> Contracted amount 21000 + reimb / service tax 2000 = total 23000. Tds is to be deducted from 21000 only. A circular or clarification will be valid only if there is any doubt in the provisions of law. If a law passed by parliament does not have any ambiguity then the CBDT or any other authority have no right to prescribe a rule which is in contravention of the ACT. regards sivaraman On Tue, Aug 11, 2009 at 2:45 PM, Bhavesh A Parekh <[email protected]>wrote: > > BHAVESH A. PAREKH > TAXATION MANAGER > DHFL. > CORPORATE OFFICE.BANDRA. MUMBAI-51. > Tel. No.26583333 Extn.-302 > HAVE A NICE DAY. > > -----Forwarded by Bhavesh A Parekh/dhfl on 08/11/2009 02:45PM ----- > > To: <[email protected]> > From: "Abhilash Joshi" <[email protected]> > Sent by: [email protected] > Date: 08/11/2009 02:23PM > Subject: Re: ONE OF THE PREVENTIVE MEASURES FOR SWINE FLU > > Dear all, > > Can anybody send me TDS chart of rate for all categaries ? > > > Regards > > Abhilash > > > > > > > > > > > > DISCLAIMER: > The contents of this e-mail and any attachment(s) are confidential and > intended for the named recipient(s) only. > It shall not attach any liability on the originator or DHFL or its > affiliates. Any views or opinions presented in > this email are solely those of the author and may not necessarily reflect > the opinions of DHFL or its affiliates. > Any form of reproduction, dissemination, copying, disclosure, modification, > distribution and / or publication of > this message without the prior written consent of the author of this e-mail > is strictly prohibited. If you have > received this email in error please delete it and notify the sender > immediately. Before opening any mail and > attachments please check them for viruses and defect. > > > --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Skorydov MyTaxAssistant Member Group" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/SkorydovMyTaxAssistant?hl=en -~----------~----~----~----~------~----~------~--~---
