TDS on Consolidated Invoices
This query is : Resolved
10 January 2025
Please Suggest:
One Invoice Received as below:
Material Cost - 1,00,00,000.00
Installation Charges - 15,00,000.00
Total Invoice Value - 1,15,00,000.00 (Without GST)
Hence How much TDS will be applicable on above consolidated invoice and under which section?
One Invoice Received as below:
Material Cost - 1,00,00,000.00
Installation Charges - 15,00,000.00
Total Invoice Value - 1,15,00,000.00 (Without GST)
Hence How much TDS will be applicable on above consolidated invoice and under which section?
11 January 2025
For materials you have to deduct under section 194Q @ 0.1% on Rs 50 lakhs. TDS is Rs 5,000
For installation under section 194C @ 1% on Rs 15 lakhs if the vendor is individual HUF,
2% in case of other deductees (LLP, Firm, Company)
For installation under section 194C @ 1% on Rs 15 lakhs if the vendor is individual HUF,
2% in case of other deductees (LLP, Firm, Company)
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