Tds

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2012 “Ashok brothers” has contracted with CSPPL for providing facility of bus for employees. They are raising bill for their contract value, service tax, Diesel and Toll tax. TDS has been deducted on value of service and service tax amount but but in my opinion it should have been deducted on bill amount(i.e. inclusive of diesel and toll tax).

Q. In which amount tds is to deducted?

Rajnikant Vadigoppula

Rajnikant Vadigoppula (Expert)

11 March 2012 yes u r opinoin is correct, the TDS should be deducted on total bill amount.

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2012 Sir can you provide me more details so that i can explain them on it

Rajnikant Vadigoppula

Rajnikant Vadigoppula (Expert)

11 March 2012 explain them as follows:
TDS is a advance tax n this is deducted by deductor on income of deductee. Billing amount is a expense of deductor n income of deducteee. at the end of the year deductee can show the necessary expenses and claim the refund of excess deduction but tds should be deducted only on billing amount.

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