Tds on works contract
This query is : Resolved
kanniyappan
(Querist)
16 September 2016
catering invoice vale 100000
(service tax 15% on
70% of assessable value) 10500
VAT 2%(100000+10500) 2210
TOTAL INVOICE VALUE 112710
Now TDS TO BE DEDUCTED FROM WHICH AMOUNT
(service tax 15% on
70% of assessable value) 10500
VAT 2%(100000+10500) 2210
TOTAL INVOICE VALUE 112710
Now TDS TO BE DEDUCTED FROM WHICH AMOUNT
kanniyappan
(Querist)
16 September 2016
thank you for ur reply
17 September 2016
Income tax is to be deducted on Basic plus VAT amount.
17 September 2016
Dear sir,
I am sorry for my answer. TDS is deducted on Basic plus vat amount in case of work contract.
I am sorry for my answer. TDS is deducted on Basic plus vat amount in case of work contract.
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