tds will be deducted on 100000 nt on 110300
(CA - PCC Student / Articled assistant)
Replied 14 November 2009
i think dat tds related question will be solved by dis way..
ie. Rs.1,00,000 is inclusive of 10.3 percent service tax.. tds will be made on d amt exclusive of service tax., ie. Rs.1,00,000 * 100/110.3 = 90,662.
TDS at 15.45 percent on RS.90,662.... 90,662 * 15.45/100 = Rs.14,007..
am i right..,.,
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