Tds to be deducted on which amount
This query is : Resolved
Khushal Khimji Haria
(Querist)
17 October 2013
I had received a invoice in which vat is levied on 75% amount and service tax on 60% amount. Now The question arises that on what amount the TDS should be deducted
17 October 2013
it seems that it is works contact invoice and TDS is applicable under section 194C , if it is so, it would be deducted on whole amount
Ganeshbabu K
(Expert)
17 October 2013
Section 194C,Subsection (3)
tax shall be deducted at source—
(i) on the invoice value excluding the value of material, if such value is mentioned separately in the invoice; or
(ii) on the whole of the invoice value, if the value of material is not mentioned separately in the invoice.
tax shall be deducted at source—
(i) on the invoice value excluding the value of material, if such value is mentioned separately in the invoice; or
(ii) on the whole of the invoice value, if the value of material is not mentioned separately in the invoice.
Khushal Khimji Haria
(Querist)
17 October 2013
Thanks Shri Bajpaiji and shri Ganeshbabu
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