Tds deduction on vat component
This query is : Resolved
24 May 2014
I AM HAVING ONE BILL ON WHICH SERVICE TAX & VAT BOTH ARE SHOWN.SO FOR TDS DEDUCTION VAT COMPONENT TO BE INCLUDED OR EXCLUDED?ANYWAYS SERVICE TAX IS TO BE IGNORED FOR TDS CALCULATION.
SAY BIIL AMT.11000/-
SERVICE TAX-1359.6
VAT-1375/-
TOTAL AMT.13,734.6
SAY BIIL AMT.11000/-
SERVICE TAX-1359.6
VAT-1375/-
TOTAL AMT.13,734.6
Guest
Guest
(Expert)
24 May 2014
TDS will be deducted on 12375 i.e. basic amount plus vat amount
tds will not be deducted only on the service tax amount charged in the bill
so 13734.6-1359.6= 12375
ok dear
tds will not be deducted only on the service tax amount charged in the bill
so 13734.6-1359.6= 12375
ok dear
Message likes :
1 times
24 May 2014
you are not mention the nature of exp. or purchases . if you purchases the software then no tds will be deducted due to party mention the declaration of that tds will already deducted.
26 May 2014
actually its regarding the purchase of software only.... so which treatment should be given?
plz tel me the amount on which tds should be deducted
plz tel me the amount on which tds should be deducted
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