Tds deduction
This query is : Resolved
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.
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
- Supply through E-commerce Operators
- Sales return eway bill
- Rent lease agreement
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- SGST balance is there in credit ledger how to adjust for cgst
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Taxation on LTCG for property sold after 24JUL2024
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
