Tds on courier bill
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 December 2012
Dear Experts,
We are contracting with one courier agency, they losses our goods in transit that would be amount of Rs.10000/-.now we deducting the amount from his bill. so how would be charge a tds on courier bill.Bill Amount is Rs.34500/- shell we deduct on Rs.34500/- ???????
We are contracting with one courier agency, they losses our goods in transit that would be amount of Rs.10000/-.now we deducting the amount from his bill. so how would be charge a tds on courier bill.Bill Amount is Rs.34500/- shell we deduct on Rs.34500/- ???????
28 December 2012
Safe way out is to deduct TDS on invoiced amount of Rs. 34,500/-
However, since you will be debiting Rs. 24,500/- in your books, you can take an aggressive stand and deduct on net amount only.
However, since you will be debiting Rs. 24,500/- in your books, you can take an aggressive stand and deduct on net amount only.
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