Tds on gross amount

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 December 2013 Respected CCI Experts,
Please suggest me on the issue of deduction of TDS on Gross amount.
Example-
Just suppose earlier my job charge bill was 10 Unit*Price15=150Rs. at the time of Receipt it was found that there was a shortage in the unit.
so we finally revised(not new bill) the bill by i.e. 5unit*15=75Rs.
So on what amount should i deduct the TDS??- Rs 150 or Rs 75.
and on what amount should i record the bill in my books.

Thanks

Nikhil Kaushik

Nikhil Kaushik (Expert)
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30 December 2013 you need to deduct TDS only on the amount actually paid. Since in this case Rs 75 is to be paid, TDS shall be deducted on this amount.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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30 December 2013 it will be on revise unit of rs 75 if earlier it wasnt deducted.

Querist : Anonymous

Querist : Anonymous (Querist)

01 January 2014 Thank you very much sir.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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01 January 2014 you are welcome friend.

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