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Tds how much deduct.

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 June 2014 company has received following invoice from its contractor.

Material =2,00,000
VAT @5% = 20,000
Labour charges =50,000
ST @ 12.36% =6180
Total Amount =2,76,180

How much TDS would be deducted as per section 194 C.
Service provider is company.
if tds on material is not deducted then please refer section or subsection under section 194 C.
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Ganeshbabu K

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Ganeshbabu K (Expert)
29 June 2014 As Invoice clearly mentions the value of material
.
.
TDS applicable under 194C on the invoice value excluding the value of material.
.
i.e, TDS only on 50,000
.
.
Section Reference:

194C Subsection 3

Read along with sub-clause (e) of clause (iv) of the Explanation.
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