TAX AUDIT -TDS MATTER
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
Rakesh Jain
(Expert)
16 June 2011
Dear,
In your case there is no TDS liability. Please refer below given article..
www.simpletaxindia.org/2009/11/tds-on-job-work-us-194c-amended-from.html
With Regards,
In your case there is no TDS liability. Please refer below given article..
www.simpletaxindia.org/2009/11/tds-on-job-work-us-194c-amended-from.html
With Regards,
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