TDS on Listing fees!!

Sundar

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Apr 16, 2015, 5:33:39 AM4/16/15

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Dear Learned friends,

Whether TDS is deductible for Listing fees payable to Stock Exchanges?

If applicable, what is the percentage of TDS deductible?

Thanks in advance,

Sundar

csyogan .

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Apr 18, 2015, 6:48:03 AM4/18/15

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yes. at 10% on the listing fee

do not consider service tax while deducting tds

eg. in my case, listing fee is 10,000; service tax is 1,236; total is 11,236

tds in this case would be 10% of 10,000 i.e., 1,000

i have checked this up with nse also pls.

regards,

yogan.

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Sundar

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Apr 20, 2015, 1:59:36 AM4/20/15

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Thank you so much Yogan Sir !!!

Madhur Agrawal

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Apr 20, 2015, 2:01:49 AM4/20/15

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If you are doing TDS, it has to be done on entire amount including service tax.

csyogan .

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Apr 23, 2015, 7:48:53 AM4/23/15

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tax on tax ?

Madhur Agrawal

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Apr 23, 2015, 7:52:54 AM4/23/15

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Its not double taxation. Because you can take credit of both TDS and Service Tax. CBDT has also clarified this thing through circulars.

csyogan .

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May 5, 2015, 3:08:27 AM5/5/15

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cbdt seems to have clarified that tds shouldn't be done on the service tax portion if the bill clearly shows the service tax portion.