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tds

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(Querist)
02 June 2011 discount allow by contrator to company deduct from gross amt for tds calculation or not .please solve
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U S Sharma

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U S Sharma (Expert)
03 June 2011 if in books of company the expense posted by company get reduced with discount, then tds is to be deducted on reduced amount,

if the company taken discount in income, then tds applicable on gross amount.
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Ashok Asthana

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Ashok Asthana (Expert)
03 June 2011 TDS to be deducted on the actual income booked.
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CA. Krishna K Neeraj

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CA. Krishna K Neeraj (Expert)
06 June 2011 Yes, TDS is to be deducted on the actual expenses booked/accrued.

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