Tds applicabilty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 October 2015
Please suggest Tax compliance on below transaction :
Work Contract Transaction:
Repair & Maintenance 37000
New Roller Blind (Curtain ) 43500
Vat 8% (composition scheme)
in this case on what amount TDS will be calculated .
In my view New Roller blind will be capitalized so tds will not calculated on Rs.43500/.
so tds will be calculated on 37000/- @2%.
and what would be service tax compliance .
Please help me out
Work Contract Transaction:
Repair & Maintenance 37000
New Roller Blind (Curtain ) 43500
Vat 8% (composition scheme)
in this case on what amount TDS will be calculated .
In my view New Roller blind will be capitalized so tds will not calculated on Rs.43500/.
so tds will be calculated on 37000/- @2%.
and what would be service tax compliance .
Please help me out
22 October 2015
Had you recieved single bill for both....
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 October 2015
Yes ,Received single bill
26 October 2015
tds will be deducted on whole bill...
better to ask separate bill from party
better to ask separate bill from party
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