TDS U/s 194Q on supply of material value after adjusting Credit Note
This query is : Resolved
DILIP KUMAR BARANWAL
(Querist)
04 April 2022
Dear Sir,
We procure some material and accounting for the same were made accordingly. After proper accounting we receive two credit note. One for short supply of material and 2nd one for discount on supply of material.
My query is that whether we will deduct TDS U/s 194Q on base value of Tax Invoice or base value after adjusting credit note.
Thanks in advance.
We procure some material and accounting for the same were made accordingly. After proper accounting we receive two credit note. One for short supply of material and 2nd one for discount on supply of material.
My query is that whether we will deduct TDS U/s 194Q on base value of Tax Invoice or base value after adjusting credit note.
Thanks in advance.
CA R SEETHARAMAN
(Expert)
05 April 2022
Deduct TDS base value after adjusting credit note.
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