TDS

Sir,

Please tell me on which amount TDS is to be deducted.

For e.g                      BILL OF  A PARTY

Plant in Handling work              115000

Operator Allowance                        5000

                                                   ------------------

                                                       120000

Service Tax @ 10.30%                12360

                                                  --------------------

                                                     132360

Less : oil Supplied                       3232

                                                --------------------

                                                    129128

Now i want to know whether tds is to be deducted on 1,29,128 or 1,32,360 or on which

 

Pls guide

Very urgent

Thanks & regards

sushant

 

Replies (2)

TDS should be deducted on Rs. 132360/-  being the value of service provided.

Agree with Mr. Goel, TDS should be deducted on Rs. 132360/-

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