Ravi Kumar Mahaur (CA-FINAL) (202 Points)
15 February 2013
Dear All,
Eg; suppose the company’s vehicles are going for repair and maintenance and the person who providing us the service charging the bill which is as follows:
|
Spare parts |
1,50,000 |
|
Labour |
60,000 |
|
Total |
2,10,000 |
So my Question is at what amount we have to deduct TDS u/s 194C.
Is it Rs. 2,10,000 or Rs. 60,000? Further please mention if any case law you know regarding such case.
Thnx in advance
Aman
(Finance Professional)
(604 Points)
Replied 15 February 2013
it should be deducted on Rs.60000+service tax (12.36%) i.e RS.67416
CA Neil Ganatra
(Partner - Gautam Joshi & Co.)
(871 Points)
Replied 15 February 2013
As service tax is not mentioned in the bil amount given tds will be on 60000 only
CAclubindia
