Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 October 2014
Hi expert,
If a bill is as below,
Material & 'Services availed' 1150000
(No vat is applicable on materials)
loading 500
service tax 17261
insurance 500
tds to be deducted on what amount?
thanks.
If a bill is as below,
Material & 'Services availed' 1150000
(No vat is applicable on materials)
loading 500
service tax 17261
insurance 500
tds to be deducted on what amount?
thanks.
CA Nilesh P. Kanodia
(Expert)
30 October 2014
Safer side deduct tds on total amount at 1 or 2 percentage as per the status of contractor.
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