tds
This query is : Resolved
02 June 2011
discount allow by contrator to company deduct from gross amt for tds calculation or not .please solve
03 June 2011
if in books of company the expense posted by company get reduced with discount, then tds is to be deducted on reduced amount,
if the company taken discount in income, then tds applicable on gross amount.
if the company taken discount in income, then tds applicable on gross amount.
Message likes :
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03 June 2011
TDS to be deducted on the actual income booked.
Message likes :
1 times
06 June 2011
Yes, TDS is to be deducted on the actual expenses booked/accrued.
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