TDS on commission & brokerage.
This query is : Resolved
17 February 2017
I've received a commission & brokerage bill which inclusive of VAT. So whether TDS has to be deducted on the total amount or first VAT has to be excluded and TDS is to be deducted on the amount excluding VAT?? Please rever ASAP. Thanks.
17 February 2017
TDS is deducted on Gross amount, i.e, exclusive of other Taxes.
Message likes :
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04 October 2021
Only if VAT is clearly separate in the invoice, otherwise over total amount.
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