Tds
This query is : Resolved
15 June 2013
Hi,
if a vendor raise a bill after that deduction is being made while making payment then on which amount tax would deducted?
example - bill raise by vendor Rs.10000/- at time of payment deduction made on bill value for Rs.500? then tax on which amount 10000 or 9500 the deduction will made?
if a vendor raise a bill after that deduction is being made while making payment then on which amount tax would deducted?
example - bill raise by vendor Rs.10000/- at time of payment deduction made on bill value for Rs.500? then tax on which amount 10000 or 9500 the deduction will made?
CA Kapil Verma
(Expert)
15 June 2013
On 9500, because the expense for the company and income for the vendor is 9500 only.
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