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
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Import Order Cancelled.
- TDS on Dashcam rent and allied services
- GSTR-9C filing
- Working on Gold wastage during Melting of old gold jewellery
- Advances to related party
- Form 144 TDS Return Validation Error – Mandatory Fields
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
