TDS for Labour charges
This query is : Resolved
12 November 2008
We purchased a Truck from A Co. Rs.560000 (Including separate bill of Labour Charges Rs. 60000/-). But total amount Rs. 560000/- finance by IndusInd Bank.So, how will we deduct TDS on Labour charges amount because total amount paid by IndusInd bank if we deduct TDS then A co's debit balance will show in our books for . But We can't force A Co. to pay TDS amount. So, what we will do in this matter.
12 November 2008
You will book the Fixed Asset (Truck) and not the labour charges, therefore, no need of TDS
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