Tds deduction on vat bill
This query is : Open
15 December 2016
TDS will be deducted on VAT Bill
ex. bill Amount 100000
vat 6% 6000
Total Bill Amount 106000
So the tax will be deducted on 100000 or 106000
ex. bill Amount 100000
vat 6% 6000
Total Bill Amount 106000
So the tax will be deducted on 100000 or 106000
15 December 2016
TDS will b deducted on the amount exclusive of VAT, depending upon the nature of transaction. So as per ur case the amount on which TDS should b deducted is 1 lakh.
15 December 2016
Dear Musabbir,
What type of transaction is this? please explain the expense nature...
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