one of my client running PETROL Bunk his gross purchases exceed s 1 crore..
my doubt is whether we have to deduct tds including VAT on purchase of diesel and PETROL or excluding VAT amount.
Thank you
Menu
TDS U/S 194Q - Regarding clarification
Replies (1)
If such payments are made in advance then tax to be deducted at source on \value of the payment made. If tax is deducted against invoice, then on the value excluding tax like GST/VAT etc.
Recent Topic
- CPA for US tax
- LTCG on unlisted foreign shares acquired in inheri
- SBI Funds Management IPO Allotment on July 17: Lis
- PF Final settlement shown in Salary Form 16 FY 26-
- ITR3 online utility: Part B TTI is populating fiel
- Sale of rural agriculture land
- How to show Capital Gain on gifted property
- TIS Glitch Alert : inflated summary
- IT returns of partners
- Challan status in Payment Failed but amount deduct
Related Topics
CAclubindia
