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Tds 194c (Income Tax)

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This query is : Resolved


( Author )
10 July 2012

 I was recently doing audit of a gold trader.
In the purchase bills i found that the labour charges are seperately shown.
Invoices are like
gold 25000
labour 500
Assuming that the limit exceeds
whether tds should be deducted on the labour portion????


CA PARAS BAFNA

( Expert )
10 July 2012

 Yes, TDS provisions are applicable when the
limits prescribed U/s 194C are surpassed.
.



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