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(Querist)
15 June 2013 Hi,

if a vendor raise a bill after that deduction is being made while making payment then on which amount tax would deducted?
example - bill raise by vendor Rs.10000/- at time of payment deduction made on bill value for Rs.500? then tax on which amount 10000 or 9500 the deduction will made?
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CA Kapil Verma

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CA Kapil Verma (Expert)
15 June 2013 On 9500, because the expense for the company and income for the vendor is 9500 only.
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