TDS on Job where service and supply involve
This query is : Resolved
01 March 2011
Dear Sir,
will TDS be deducted on a bill where both supply & service are involved?
bill is of False Celling in which party has charged vat @ 12.5% on whole contract job.
My question is "shall I deduct TDS on whole amount including VAT@12.5%"???
Arijeet
will TDS be deducted on a bill where both supply & service are involved?
bill is of False Celling in which party has charged vat @ 12.5% on whole contract job.
My question is "shall I deduct TDS on whole amount including VAT@12.5%"???
Arijeet
01 March 2011
If any contract is given to vendor with material then TDS is to be deducted @ 2% (194C) on Invoice Amt. If Firm is taking VAT credit then TDS is to be deducted on Gross Inv. Amt. (Amt. before VAT)otherwise on total invoice amount (Inv. Amt. + VAT)
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- GST not cancelled by tenant
- FORM 141 SDV query
- Eway bill not cancelled within 24 hous what can be due
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
