04 June 2012
When we process a Hiring Charges Bill of Service Provider,for Hiring of TATA Sumo, Bolero and Others small vehicles.We deduct TDS from their Bill and its calculated on Bill Value. But When we deduct some amount from their bill, by issuing debit note then on which amount we calculate the TDS.
For Example
Car Hire Charges for the month Rs 30000.00 Less Amount debited for 1 day absent Rs.1000.00 and amount debited for operator charges 4000.00, Now what will be the amount for calculation of TDS.
CAclubindia
