Tds deduction

This query is : Resolved

shweta bombe (Querist)
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06 February 2015 WHETHER TDS IS DEDUCTED ON BASIC AMOUNT ? OR BASIC AMOUNT + VAT AMOUNT + SERVICE TAX ? OR
BASIC AMOUNT + VAT AMOUNT ?
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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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06 February 2015 it is on basic + vat only as no tds applicable on service tax portion as per circular no 1/2014

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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06 February 2015 Please mention the exact nature of payment.

VAT is applicable on Material.

Please refer Section 194C(3)(i). TDS to be deducted on value excluding the value of material, if such value is mentioned separately in the invoice and therefore no TDS on VAT which is charged on Material.

TDS is also not required to be deducted on Service Tax.

Please mention the exact nature of payment.

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