Should TDS be deducted on Invoice value or Actual amount
This query is : Resolved
02 November 2017
If Invoice value is 100. Actual payment is 90. 10 is not paid as it was deducted from 100 as penalty. On what amount should TDS be deducted at the time of payment?
A. Rs. 100
B. Rs. 90
Kindly quote provision if possible.
02 November 2017
TDS is to be deducted on invoice value and not on actual amount.
Message likes :
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02 November 2017
TDS deductible Rs. 100...
Note:
If it's Tax Invoice then we ll deduct TDS on Basic Value. Not on Invoice value...
Note:
If it's Tax Invoice then we ll deduct TDS on Basic Value. Not on Invoice value...
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