deduction of TDS
This query is : Resolved
SIMRANDEEP SINGH
(Querist)
04 September 2008
hi,, this is ashish...i want to ask how to deduct T.D.S on any particular transaction, whether it is deducted on the total amount credited to the party or on the expense debited by us.( means Excluding the service tax or vat amount)...plzzzz reply.............
mohinder kansal
(Expert)
04 September 2008
It is deducted on gross amount except from payment of rent where it is deducted on the amount before charging the service tax
04 September 2008
I also agree with the view of Mr. Mohinder Kansal.
CA. Harinder Kumar
(Expert)
05 September 2008
it is to be deducted on the gross amt. except payment of rent
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