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Deduction of TDS on Works Contract Bills

This query is : Resolved 
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(Querist)
09 March 2009 Dear Sir,

This is Pratheek from Bangalore. My Doubt is : I have a bill of Rs.5,58,254/- it includes Rs.3,72,285/- of material cost, Rs.46,36/- is VAT , Rs.1,24,095/- is Labour Charges and Rs.15,338/- is Service tax . In which The value of the Material is going to be capitalised. So on Which amount i have to deduct T D S is it on Whole bill value or On Labour Charge.

Kindly guide me.

Regards
Pratheek
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CA. MITHUN KHATRY

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CA. MITHUN KHATRY (Expert)
09 March 2009 whole
since bill is rased for a contract.
bifurcation is done only for the purpose of charging indirect taxes
vat amou nt must be rs. 46536 and not 4636 i.e. 12.5% on material
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