Calculation of tds under sec 194ia if a single amount of invoice is raised.
This query is : Resolved
18 April 2015
What will be the calculation of TDS as per sec 194IA of income tax act 1961 if the amount of bill is a single amount without any description.
For calculating service tax we do reverse calculations and find out the service tax. But is this calculation applicable to find out service tax in this section.
for example if a invoice of 50000 is raised so
tds is on 50000
OR
tds is on 50000/112.36 100.
Please reply asap.
18 April 2015
tds wil b on 50000 if no seprate service tax is shown in the bill
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