Tds on gross amount ?

TDS 542 views 2 replies

What about the TDS, should it be deducted on the gross or inclusive of Any tax or ect items (topic is on all salary, contract, rent professional and all others which are liable for TDS)

Replies (2)

TDS should be deducted on the gross amount inclusive of all tax on all type of payments Except u/s 194I wherein tds is to be deducted on Net amount of rent  (exclusive of Servive tax). 

TDS shud be made on Gross amount inclusive of ST, other taxes & charges except for Rent on whihc TDS needs to be made on Net amount only.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register