Tds on magazine
This query is : Resolved
12 August 2013
hi, how to calculate tds on magazine given to printing on contractor bases including vat or excluding....,
CMA Ramesh Krishnan
(Expert)
12 August 2013
TDS will apply on gross bill value including VAT only
CMA Ramesh Krishnan
(Expert)
13 August 2013
Under Income tax TDS section, all the sections ask to deduct the TDS on gross bill value only inclusive of all other taxes. only case exception is Rent u/s.194I.
14 August 2013
ok sir, but if we considered as contract then excluding vat tds should be deducted it is correct
CMA Ramesh Krishnan
(Expert)
14 August 2013
Basically VAT apply on the supply bills, where there is no TDS will apply
Only case you may get bills on Works contract, Supply & service bill come together, that time TDS apply on total bill only inclusive VAT
Only case you may get bills on Works contract, Supply & service bill come together, that time TDS apply on total bill only inclusive VAT
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