Section 194 c tds
This query is : Resolved
02 September 2011
A vehicle repairing bill includes accessories cost and labour cost. Labour cost showing separately in that bill. In this case on which amt. TDS will applicable U/S 194 C. On whole bill amount or only on labour cost.
plz suggest
plz suggest
02 September 2011
Only on labour Cost
02 September 2011
Can u give me relevant para / text where it is mentioned. as my employer is not accepting it he want it o law basis and asking where it is mentioned
02 September 2011
According to section 194C subsection 3 provides the following
(3) Where any sum is paid or credited for carrying out any work mentioned in sub-clause (e) of clause (iv) of the Explanation, tax shall be deducted at source—
(i) on the invoice value excluding the value of material, if such value is mentioned separately in the invoice; or
(ii) on the whole of the invoice value, if the value of material is not mentioned separately in the invoice
So when the invoice raised clearly with material and labour then deduct TDS only labour portion
(3) Where any sum is paid or credited for carrying out any work mentioned in sub-clause (e) of clause (iv) of the Explanation, tax shall be deducted at source—
(i) on the invoice value excluding the value of material, if such value is mentioned separately in the invoice; or
(ii) on the whole of the invoice value, if the value of material is not mentioned separately in the invoice
So when the invoice raised clearly with material and labour then deduct TDS only labour portion
02 September 2011
I fully agree with you
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