Deduction of TDS and Vat Liability

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....eduction of TDS and Vat Liability<br> Query (Issue) Started By: - Jaimin Shah Dated:- 3-7-2009 Last Reply Date:- 3-7-2009 Income Tax<br>Got 1 Reply<br>Income Tax<br>My Company is executing a civil job....

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.... in State of AP (a project of constructing a building for a power project). The billing with my customer is on milestone basis (i.e. Billing is on % completion of building). How would the customer ded....

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....uct TDS on my final billing. Further how to take care of VAT liability on selling point. Reply By Ravi Chopra: The Reply: TDS is required to be deducted on amount credited or paid basis. So the custo....

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....mer is required to deduct TDS as per the basis of treatment in his books of account.<br> Discussion Forum - Knowledge Sharing ....