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TDS Deducation

TDS 570 views 1 replies

Dear sir

my company is deducation the tds on 10% is it correct or not

Product rate                                                        150000

software                                                                75000

 

total                                                                      225000

service tax @ 10% on 75000                            7725

local vat @ 4%                                                     9309

grand total is                                                     242034

my dout is tds deducated only on (75000+7725=82725*10%=8273) in the amount is deducted is corrected or not

customer paid the amount is 242034-8273=233761 is paid

please calffride my dout sir

Thanking you sir

GOREDDY

 

Replies (1)
Reddy, Sale of goods is not covered under any of the TDS provisioss. therefore, no tds is made on product sales. Item billed as software needs clarity. if it is sale of software, then there is neither service tax not TDS. CA Vishwas +91 95913 18000 itsvishwas @ gmail.com Bangalore


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