TAX AUDIT -TDS MATTER-2
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 June 2011
HI
RESPECTED MEMBERS
CAN ANY ONE HELP ME REGARDING TDS PROBLEM?
ACTUALLY I AM DOING TAX AUDIT OF LTD CO. AND THERE IS A BILL OF RS. 45000 WHICH CONSIST OF NORMAL AMOUNT CHARGED BY PARTY PLUS VAT AND SERVICE TAX I.E. JOB WORK BILL.
MY QUESTION IS THAT WHETHER TDS WILL BE DEDUCTED ON ENTIRE AMOUNT OR EXCLUDING VAT AMOUNT?
IF ENTIRE AMOUNT THEN CAN U TELL ME IN WHICH SECTION IT IS SPECIFIED.
THANKS
IN ADVANCE
RESPECTED MEMBERS
CAN ANY ONE HELP ME REGARDING TDS PROBLEM?
ACTUALLY I AM DOING TAX AUDIT OF LTD CO. AND THERE IS A BILL OF RS. 45000 WHICH CONSIST OF NORMAL AMOUNT CHARGED BY PARTY PLUS VAT AND SERVICE TAX I.E. JOB WORK BILL.
MY QUESTION IS THAT WHETHER TDS WILL BE DEDUCTED ON ENTIRE AMOUNT OR EXCLUDING VAT AMOUNT?
IF ENTIRE AMOUNT THEN CAN U TELL ME IN WHICH SECTION IT IS SPECIFIED.
THANKS
IN ADVANCE
CA. B.SRINIVASULU
(Expert)
16 June 2011
You have to include service tax and exclude Vat. You can refer Section 194 c and 194 J.
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