TDS u/s 194Q or IT Act
This query is : Open
Quick Summary
20 July 2021
What should be the gross amount on which TDS u/s 194Q of IT Act should be deducted. If the bill value includes VAT, should TDS be done on amount including VAT or excluding VAT ?
CA R SEETHARAMAN
(Expert)
20 July 2021
Exclude VAT or GST on 194Q TDS.
CA Rashmi Gandhi
(Expert)
21 July 2021
Deduct on amount exclusive of GST and other taxes.
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