purchased and paid next day of april 22 . bill amt. before gst 20,00000
after gst 20,10,000
.then in may 22, purchased and paid next day
bill amt before gst 40,00,000
after gst 40,80,000
how much tds to be dedected in may 2022
Menu
Calculation of tds section 194q
Replies (10)
A's per sale
Total purchases without GST is Rs. 60 lacs. TDS to be deducted u/s 194Q will be 0.1% on 10lacs. i e. on amount exceeding 50 lacs.
The TDS amount will be Rs. 1000/-
It is assumed that other conditions of applicability of section 194q is fulfilled.
The TDS amount will be Rs. 1000/-
It is assumed that other conditions of applicability of section 194q is fulfilled.
10lacs*0.1%.Asper this 1000/- is the Tds under section 194Q.
You guys forget to consider gst
Only base amount will be considered for Tds purposes. So GST and taxes can't be considered
Yes Amount before GST to be considered for TDS purpose
@ Rocky
Hope your query is resolved
Hope your query is resolved
Thanks alot all of u sir
TDS to be deducted on Rs. 10 Lacs excluding GST.
Recent Threads
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
- HSN code for Exempted supplies
- HSN Summary of Outward Supplies (Sales and Advance
Related Threads
CAclubindia
