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Tds on discount recd

This query is : Resolved 

11 June 2021 NAMASKAR, I AM AN ACCOUNTANT FOR AN TAX AUDIT BUSINESS INDIVIDUAL BUSINESS.. THE COMPANY IS UNDER TRADING OF EDIBLE OILS AND GHEE ETC. THEY RECENTLY RECD AN E INVOICE WITH A DISCOUNT OF RS.103050/- IN THE INVOICE ITSELF.
WHETHER WE HAVE DEDUCT TDS ON ON THIS AMOUNT EARNED I.E. RS. 103,050/- WE WILL BE THANKFUL .

11 June 2021 KINDLY GIVE REPLY SIR

11 June 2021 You may deduct tax at source (if applicable) on the net value (after considering discount).


20 June 2021 TDS will be only on NET amount only.



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