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?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

07 April 2010 DEDUCT TDS ON AMOUNT EXCLUSIVE OF VAT IF YOU ARE TAKING INPUT CREDIT FOR VAT.

CA HANI

CA HANI (Expert)
Follow

07 April 2010 If it is registered delare who sold the material,even than for safer side please deduct tds on gross bill amount

Nazir

Nazir (Expert)
Follow

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

CMA Ramesh Krishnan (Expert)
Follow

08 April 2010 Mr.Nazir reply considerable.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

John Ravindran Moses

ABHISHEK AGRAWAL

Prashant Kotecha

Sanjay Ratnani

Vinod Patil

Subscribe Now

TDS can be deducted if vat is included in the bill

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA