Tds deduction

If party charge Service tax (4.13%) on part bill amount & Charge 5% VAT on 100% bill amount. is it relevant.? if yes, then TDS   should be deduct on on what amt.?

see example of invoice below.

Bill amt.                                1000

Add: Service tax (4.13%)       17 (40% of bill amt)

add: vat 5%                            50 (100% of bill amt)

                                            -----------

grand total                          1067

                                           ========

Is it relevant? tds should deduct on what amt?

Kindly Suggest.

 

 

Replies (2)

Tax has to be deducted on gross amount in your case i.e. on Rs. 1,067/-

Yes, agree with Kumar sir............TDS is always deducted on the gross amount payable.smiley

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details