Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2015 Dear experts

We received on AMC Bill copy for blue star.invoice raised Rs.53702.30(Total amount Rs.49426/- Taxable Amount@70%34598.17 Service tax on 12.36(34598.17) Rs.4276.33/- what amount we deduction tds please help

Gupta Mohit

Gupta Mohit (Expert)
Follow

24 July 2015 You need to deduct 2% on the total invoice of AMC excluding Service tax of Rs 4276.33/-.

Mohit
9868000956

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2015 Dear Gupta mohit

Total - 49426.00
Taxable Amt-34598.17 @70% on 49426.00
Service Tax @12.36%-4276.33/- On 34598.17
Grand Total-Rs.53702/-

We deduction Tds 53702-989(49426)=52713

is it correct

Upgrade to CAclubindia Pro. Subscribe Now!

Gupta Mohit

Gupta Mohit (Expert)
Follow

24 July 2015 On the safer side....this is also correct.

Else you can skip the service tax amount and then deduct.

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2015 thanks you for your prompt reply