Tds deduction
This query is : Resolved
shweta bombe
(Querist)
06 February 2015
WHETHER TDS IS DEDUCTED ON BASIC AMOUNT ? OR BASIC AMOUNT + VAT AMOUNT + SERVICE TAX ? OR
BASIC AMOUNT + VAT AMOUNT ?
KINDLY REPLY
BASIC AMOUNT + VAT AMOUNT ?
KINDLY REPLY
06 February 2015
it is on basic + vat only as no tds applicable on service tax portion as per circular no 1/2014
06 February 2015
Please mention the exact nature of payment.
VAT is applicable on Material.
Please refer Section 194C(3)(i). TDS to be deducted on value excluding the value of material, if such value is mentioned separately in the invoice and therefore no TDS on VAT which is charged on Material.
TDS is also not required to be deducted on Service Tax.
Please mention the exact nature of payment.
VAT is applicable on Material.
Please refer Section 194C(3)(i). TDS to be deducted on value excluding the value of material, if such value is mentioned separately in the invoice and therefore no TDS on VAT which is charged on Material.
TDS is also not required to be deducted on Service Tax.
Please mention the exact nature of payment.
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