TDS INCLUDING VAT
This query is : Resolved
14 August 2009
ISNT TAX DECUCTED AT SOURCE(TDS) INCLUDES VAT??IF YES..THEN IS IT CORRECT AS WE COMPUTE TAX ON TAX..IS THIS THE RIGHT METHOD THEN..ARNT WE COMPUTING DOUBLE TAX THEN???PLZ TAKE ME OUT OF THIS CONFUSION...
raghunandan
(Expert)
14 August 2009
Hemant,
VAT does not form part of the bill amount unlike Service Tax. Hence TDS is not to be deducted on the payments.
VAT does not form part of the bill amount unlike Service Tax. Hence TDS is not to be deducted on the payments.
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