If bill gross amount is 1,00,000rs and gst is 18,000 and net bill amount 1,18,000rs then tds 10 percentage deduction applicable on 1,00,000 rs or 1,18,000??
prasad Nilugal
( GST Practitioner & Accounts )
(14167 Points)
Replied 28 October 2019
TDS is applicable on 1,00,000/- (one Lac )
please confirm with others also .
Kumar Sushank
(General Manager - Finance)
(1040 Points)
Replied 28 October 2019
TDS would be deduct on 1,00,000/-
Komal Raut
(2 Points)
Replied 28 October 2019
RAJA P M
("Do the Right Thing...!!!")
(127162 Points)
Replied 28 October 2019
MOHIT JAIN
(ACCOUNTS)
(47 Points)
Replied 29 October 2019
TDS is applicable before the taxation , (Base amount) . as per your Queery 10% TDS on 100,000 = 10.000/-
1,18,000-10,000 =1,08,000/- is payable
sabyasachi mukherjee
(26057 Points)
Replied 30 October 2019
deepak
(PCS)
(414 Points)
Replied 30 October 2019
OtheR sources income and capital gain income is neccesary to mention in tax audit report?
deepak
(PCS)
(414 Points)
Replied 30 October 2019
Our client is providing professional services and net bill amount is 100000 and gst amount is 18000 and gross bill amount is 118000 so query is other person can deduct tds 10 percentage on 100000( net bill amount) before the make payment to our client?
Kapadia Pravin
(17249 Points)
Replied 30 October 2019
sabyasachi mukherjee
(26057 Points)
Replied 10 November 2019
Mukesh Katara
(Account manager)
(533 Points)
Replied 10 November 2019
Kapadia Pravin
(17249 Points)
Replied 14 November 2019
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