Tds deduction
This query is : Resolved
sabu francis
(Querist)
06 March 2015
here I presenting 2 transactions
Flex Printing for Hoarding the supplier raised VAT bill
Cost Of materials - 100000/-
Tax 14% 14000/-
Total -114000/-
Hoarding labour Charges - 50000/-
service tax 12.36% - 6180/-
Total - 56180/-
( Both these invoices attract TDS boz of contract nature )
i need to know what will be the TDS amount for these bills , ie before or after tax amount ?
Flex Printing for Hoarding the supplier raised VAT bill
Cost Of materials - 100000/-
Tax 14% 14000/-
Total -114000/-
Hoarding labour Charges - 50000/-
service tax 12.36% - 6180/-
Total - 56180/-
( Both these invoices attract TDS boz of contract nature )
i need to know what will be the TDS amount for these bills , ie before or after tax amount ?
06 March 2015
TDS to be deducted u/s 194C on Rs 50000/- only. No TDS on Material Value, VAT & Service Tax.
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