TDS On service Contracts with Supply

Yes you are absolutely right, the tax would be charged on total amount 114 and this is sad part of our Government taxation.Incase of high amount, you end up paying huge amount of tax. But in the end you also have equivalent credit at your end to claim as set off while making the Income Tax payment.

Finally government has realised the impact of double taxation and hence they have come with something called GST which will impose only 1 tax...However it is still at the approval stage.

Thank Q for your Reply ,  Even Corporates are sitting Silently for this Double Tax

moreover every alternate month there is incress in the Fuel cost along with Labor Wages

Who will save the Small and Medium Business People ????????

Any Way Once again thank Q for Your reply

Best Regards

Shivakumar