Sir,
Tax deduction is applicable for which situation?
for sale invoice amount when we paid , we need to deduct tax?
MURALIDOSS (INCOME TAX PRACTITIONER) (1314 Points)
13 March 2019Sir,
Tax deduction is applicable for which situation?
for sale invoice amount when we paid , we need to deduct tax?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(169432 Points)
Replied 13 March 2019
No TDS over goods purchased ....
MURALIDOSS
(INCOME TAX PRACTITIONER)
(1314 Points)
Replied 13 March 2019
sir,
we do dth installation for service providers, for that 1 installation we charge 200/- so , we make a invoice to them for example. 1000 installations , so the invoice value is Rs. 200000/- + gst 18% we collect and pay. In here we need to deduct tax for that 200000/- @ 2% (for pvt ltd co.) in that same invoice and need to pay with their pan Right sir???
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(169432 Points)
Replied 13 March 2019
You are service provider. Its not your liability to deduct TDS under IT act. TDS deduction liability is over service receiver, i.e. who make payment.
MURALIDOSS
(INCOME TAX PRACTITIONER)
(1314 Points)
Replied 13 March 2019
THANKS SIR FOR VALUABLE REPLY.
CAclubindia
