TDS APPLICABILTY

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Jitendra M.Gurejani

Jitendra M.Gurejani (Querist)
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12 August 2010 Dear Respected CA Members,

Could you explain the applicabilty of TDS on VAT.
Thanks & best Regards

Aditya Maheshwari

Aditya Maheshwari (Expert)
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12 August 2010 If u are referring to deduct TDS on VAT then if TDS deductible on bill then TDS deductible on VAT also.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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12 August 2010 This case arises generally when some material is also supplied by the contractor and they charge vat on such material.
In such case if separate bill is given for materials and contractual charges then TDS to be deducted only contractual charges but if consolidated bill given TDS to be deducted on total bill amount.

Jitendra M.Gurejani

Jitendra M.Gurejani (Querist)
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12 August 2010 Thanks but I will make this Query more clear & precise. My Question is TDS on Work Contract TAX (VAT) since we have done the office renovation. I am not clear but there is some 5.00 laks exepmtion limit is there.
Please update me.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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12 August 2010 The is a limit of Rs. 50,000/- (Rs. 75,000/- w. e. f. 01.07.2010) for payment for the whole year and Rs. 20,000/- (Rs. 30,000/- w. e. f. 01.07.2010) on a single bill payment u/s 194C.

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