TDS can be deducted if vat is included in the bill
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 April 2010
Dear Sir,
Please can you let me know that if VAT is inclusive of the invoice and the invoice is of a contractor than whether TDS U/s 194c can be deducted?
And on wat amount it can be deducted ie whether amount including VAT or else excluding VAT?
Please can you let me know that if VAT is inclusive of the invoice and the invoice is of a contractor than whether TDS U/s 194c can be deducted?
And on wat amount it can be deducted ie whether amount including VAT or else excluding VAT?
07 April 2010
DEDUCT TDS ON AMOUNT EXCLUSIVE OF VAT IF YOU ARE TAKING INPUT CREDIT FOR VAT.
07 April 2010
If it is registered delare who sold the material,even than for safer side please deduct tds on gross bill amount
07 April 2010
i will also suggest the same.. but if invoice include VAT it means its purchase of material and not services.. i dont think you need to deduct tds here..
CMA Ramesh Krishnan
(Expert)
08 April 2010
Mr.Nazir reply considerable.
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