Deduction of TDS
This query is : Resolved
CA. ALOK SHARMA
(Querist)
24 December 2010
Sir,
How can an auditor (myself an Article assistant) identify nature of bill in following case.
Sometime I come across a bill which contains an element of purchase and also rendering of services (for e.g. a bill of installation of computers in a company which includes purchase of computers also rendering of technical services i.e. installation services on which ST is levied.
My problem is how to identify whether it is a bill on which TDS is deducted only on services u/s 194J or on total amount of bill u/s 194C.
Thanks
ALOK SHARMA
CA FINAL STUDENT
Note-1 I dont want to ask manangment the nature of bill. i just have bill.
How can an auditor (myself an Article assistant) identify nature of bill in following case.
Sometime I come across a bill which contains an element of purchase and also rendering of services (for e.g. a bill of installation of computers in a company which includes purchase of computers also rendering of technical services i.e. installation services on which ST is levied.
My problem is how to identify whether it is a bill on which TDS is deducted only on services u/s 194J or on total amount of bill u/s 194C.
Thanks
ALOK SHARMA
CA FINAL STUDENT
Note-1 I dont want to ask manangment the nature of bill. i just have bill.
25 December 2010
Dear Alok
It's simple as it's composite bill, hence you need to bifurgate on some rational basic, In your case you can reverse calculate the amount chargeable to
TDS i.e. Service tax amount/10.3%.
It's simple as it's composite bill, hence you need to bifurgate on some rational basic, In your case you can reverse calculate the amount chargeable to
TDS i.e. Service tax amount/10.3%.
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