TDS IS TO BE DEDUCTED ON WHICH AMOUNT - THE INVOICE AMOUNT
OR THE INVOICE AMOUNT PLUS TAXES (SALES/SERVICE TAX)?

Answer Posted / akhilesh thakur

TDS should always deduct on the net amount of source
income. It never shall be deducted including the Service
Tax Amount. TDS Always shall be deducted on the amount on
which service tax has been charged.

Is This Answer Correct ?    2 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

should pranav mukherjee has done things good, by giving burden to vodafone a huge tax liabilty.....it will not affect our fdi???

1585


Explain the Calculation of Sales Tax?

1633


What is FBT? Is there any fixed rate of tax for all? or slab rate? pls give the detailed answer with examples. My e- mail ID: vijji_tv@yahoo.com

1639


why VAT not charged in deemed sales bill.

1752


What are the various forms used for VAT?

2773






If concern supply garments from outside purchase to movie producer for their production then is it maintain Service Tax if yes then how and at first what steps I have to take?

1497


WHETHER VAT IS APPLICABLE IN FIRMER TRACTORS ? WHETHER VAT IS APPLICABLE IN NORMAL TRACTORS ? PLEASE NOTE THAT I HAVE PURCHASED IT BY PAYING VAT.

1832


what is the proccesor to caculate the firm assement

1596


we have some central purchase bill against c form i want c form against this bill what requirment for form because we have not recived any c form from the cst office please advice me what i do . thanks

2351


Which form used for registration in GST?

930


what is excise

1884


hi which form issue again ogs purches & sales ? which is the tax rat we issue c form?it's cst3% is avelabe to issue the c-form?

5766


I am an employee in a IT Company. While filling out the form it prompts to fill - Details of Tax deducted at source from Salary (as per form16) and then it again prompts to fill - Details of Advance tax and Self Assessment Tax. if i fill both the columns, i get end result as 2 times of Tax i paid and a refund.

2158


what is highseas purchase and sales? how is custom duty calculated? what are the criteria for a person dealing in shares comes under tax audit? whether all equity oriented fund are eligble for stt?

5125


if waybill issued by consignor , then c form issue whose responsibility?

1088