Tds on vatav / kasar amt
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 May 2013
INCASE WE CREDIT RS 90000/- AGGREGRATE IN ONE FINANCIAL YEAR FOR LABOUR WORK FOR CONTRACTOR AND IN SAME FINANCIAL YEAR WE DEBIT CONTRACTOR LEDTER FOR RS 5000/- FOR KASAR VATAV. SO WE MUST DEDUCT TDS FOR RS 90000/- OR RS 85000/- GIVE ANSWER WITH EXAMPLE AND RELEVANT NOTIFICATION FOR IT (WE HAVE TO PAY RS 85000/- ONLY TOTAL WITH TDS)
14 June 2013
I have already replied your question. You have to deduct TDS on gross amount and not the net amount after debiting the contractor for VAT or for any other purpose.
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
