Tds on works contract
This query is : Resolved
16 September 2016
catering invoice vale 100000
(service tax 15% on
70% of assessable value) 10500
VAT 2%(100000+10500) 2210
TOTAL INVOICE VALUE 112710
Now TDS TO BE DEDUCTED FROM WHICH AMOUNT
(service tax 15% on
70% of assessable value) 10500
VAT 2%(100000+10500) 2210
TOTAL INVOICE VALUE 112710
Now TDS TO BE DEDUCTED FROM WHICH AMOUNT
16 September 2016
TDS to be deducted on the basic amount i.e 100000/-.
16 September 2016
thank you for ur reply
17 September 2016
Income tax is to be deducted on Basic plus VAT amount.
17 September 2016
Dear sir,
I am sorry for my answer. TDS is deducted on Basic plus vat amount in case of work contract.
I am sorry for my answer. TDS is deducted on Basic plus vat amount in case of work contract.
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