TDS on TAX
This query is : Resolved
04 March 2009
Hi Freieds,
Whether TDS to be deducted on Tax inclusive Amt.(Like Ser.Tax, Vat etc) or same to be deducted on exclusive such Taxes. For Exaple I require to deduct the TDS on Professional Fess of Invoive Rs.56180/- which includes Rs. 6180/- as Service Tax.So should I deduct TDS on Rs. 56180/- Rs.50000/-(Rs.56180-6180 Ser.Tax)
Thanks
Whether TDS to be deducted on Tax inclusive Amt.(Like Ser.Tax, Vat etc) or same to be deducted on exclusive such Taxes. For Exaple I require to deduct the TDS on Professional Fess of Invoive Rs.56180/- which includes Rs. 6180/- as Service Tax.So should I deduct TDS on Rs. 56180/- Rs.50000/-(Rs.56180-6180 Ser.Tax)
Thanks
04 March 2009
Deduct tax on Rs 56180/-in the given case.
04 March 2009
AGREED
04 March 2009
TDS deductible on Rs.56180/- as suggested by both the seniors.
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