Tds
This query is : Resolved
Namrath Raj Karkera
(Querist)
04 August 2011
Hi,
i am working for a builders and developers. i just want to confirm what TDS rate is applicable if we give any piece work like compound wall etc.... on with material basis to a individual...
1% or 2%
kindly let me know as soon as possible
i am working for a builders and developers. i just want to confirm what TDS rate is applicable if we give any piece work like compound wall etc.... on with material basis to a individual...
1% or 2%
kindly let me know as soon as possible
CMA Ramesh Krishnan
(Expert)
04 August 2011
TDS will apply 1% if the non corporate contractor, if corporate contractor need to deduct 2%
if the contractor raised bill separately for labour and material then TDS apply only on labour
otherwise on total bill value
if the contractor raised bill separately for labour and material then TDS apply only on labour
otherwise on total bill value
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