TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 June 2010
Dear experts
Can anyone assist me, the TDS can be deducted from total value of the invoice value or gross amount.For ex
Labour chgs 10,000.00
Freight Charges 100.00
Gross total 10100.00
Service tax 1030.00
---------------------------
Net Value 11,130
How to calculate the above calculations
Net value
Can anyone assist me, the TDS can be deducted from total value of the invoice value or gross amount.For ex
Labour chgs 10,000.00
Freight Charges 100.00
Gross total 10100.00
Service tax 1030.00
---------------------------
Net Value 11,130
How to calculate the above calculations
Net value
Shyam Lal Naik
(Expert)
30 June 2010
Presumed that the TDS is u/s 194C.
In terms of the said section tds is deductible on gross amount credited, ie. Rs. 11130/-.
In terms of the said section tds is deductible on gross amount credited, ie. Rs. 11130/-.
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