26 July 2010
On which amount TDS should be deducted on job charges i.e. including VAT or excluding VAT by a private limited company. Company who is providing job service is partnership firm. What are the penalties or fines if TDS is deducted on amount excluding VAT. Whether it can be claim as deduction if TDS is deducted on amount excluding VAT? Pls advice.
CAclubindia
