Calculation of tds deduction

This query is : Resolved

Abhishek Roy (Querist)
Follow

14 March 2018 Hi Everyone,

Though we already know the fundamentals of TDS and its necesssities.
But most of the people find difficulties in calculating the tds on the transaction amount & it's accounting treatment & the manner in which Income tax as well as Indirect tax (service tax/vat/excise/customs/gst as a whole) gets segregated.
Due to lack of Knowledge of these basic principles, a candidates faces difficulties and somehow don't get selected in the interviews of their dream companies.
I have shared it as because, as I am the one of them who faced this consequences & believe me folks once you realize it, you will feel the pain for not getting selected for the mistake made at a glance.
So do clarify is tds is calculated on pre gst of (Goods/Services) transaction amount.....................?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
Follow

14 March 2018 Yes TDS to be deducted on Net before tax .Applicable Nature of deduction and applicable %

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Sameer

Aishwarya N

Sidhartha sankar pillai

Shubham Jain

ANJANA PALIYATH

Subscribe Now

Calculation of tds deduction

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA