Deduction of TDS on Works Contract Bills

This query is : Resolved

Pratheek (Querist)
Follow

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

CA. MITHUN KHATRY

CA. MITHUN KHATRY (Expert)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

ASHOK KUMAR TEKURU

venkateswara reddy

Adesh Mahajan

CA TARUN JINDAL

Chaitanya Voolla

Subscribe Now

Deduction of TDS on Works Contract Bills

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Accountant

Article Assistant

GST CONSULTANT

CA Final