Tds on discount recd
This query is : Resolved
Quick Summary
ramanathan tm
(Querist)
11 June 2021
NAMASKAR, I AM AN ACCOUNTANT FOR AN TAX AUDIT BUSINESS INDIVIDUAL BUSINESS.. THE COMPANY IS UNDER TRADING OF EDIBLE OILS AND GHEE ETC. THEY RECENTLY RECD AN E INVOICE WITH A DISCOUNT OF RS.103050/- IN THE INVOICE ITSELF.
WHETHER WE HAVE DEDUCT TDS ON ON THIS AMOUNT EARNED I.E. RS. 103,050/- WE WILL BE THANKFUL .
WHETHER WE HAVE DEDUCT TDS ON ON THIS AMOUNT EARNED I.E. RS. 103,050/- WE WILL BE THANKFUL .
ramanathan tm
(Querist)
11 June 2021
KINDLY GIVE REPLY SIR
CMA Poornima Madhava
(Expert)
11 June 2021
You may deduct tax at source (if applicable) on the net value (after considering discount).
20 June 2021
TDS will be only on NET amount only.
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