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..
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Carriage Road Act, 2007 read with Carriage by Road Rules, 2011
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- Sec 44ada applicable only or both
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Taxability of Partnership firm for FY 2025-26
- RATE AND HSN CODE
- Portuguese Civil Code IT Return
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
