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Tcs to be deducted including tax or excluding tax

Sanju.P (CA Practice ) (111 Points)

20 January 2016  


   TCS(Tax collected at source) is to be deducted including tax amount(i.e.including Excise duty,VAT) or excluding tax amount?

                                             Thank in advance.


 4 Replies

Deepak Tapse (Accounts Manager - Taxation)   (1764 Points)
Replied 21 January 2016

Including Tax, let's see others view also

Vishal Goel (Chartered Accountant) (1688 Points)
Replied 09 February 2016

TDS is to be deducted on the amount exclusive of service tax if the service tax amount is shown separately.

What about TCS??
plz give answer 

vikash kumar singh (______) (184 Points)
Replied 09 February 2016

TCS is charged on purchsase price which includes SALE PRICE + DUTY + VAT.


Sivaramakumar (GM-ACCOUNTS) (137 Points)
Replied 10 February 2016

TCS applies u/s 206c for specific catagories  for purchases.It should be made on gross value of purchases( inclusive of all duties,& VAT).the reason being it is due on the amount payable by the buyer as stated in the act and not on purchase cost.

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