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Tax Deducted at Source

Former Member
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Hi All,

Under what circumstances we withheld tax from Vendors and under what chicumstances we witheld tax from customers.

Please tell us the scenarios .

Regards,

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi Varshani........

Tax Deducted at Source is cut only on service types.

Ex. If you are taking service from your Vendor say job work then you are liable to cut the TDS of your job worker which will show the effect in your AP invoice.

Same is the aaplicable for your sales transaction. Means you are providing the service to your customer and the customer will deduct your TDS which you need to show it on AR Sales Invoice....

Regards,

Rahul

Former Member
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Hi Rahul,

Thanks a ton for your help.

Thanks

Answers (1)

Answers (1)

Former Member
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Read Income Tax Act - Sections from 192 & 194 for vendors

Former Member
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Hi,

Refered lot of materials, but still there was confusion

if you could explain me in lay man's language, it would be of great help.

Thanks

Former Member
0 Kudos

can anybody help me on this question? pl

Thanks