TDS ON INSTTALATION & COMMISION
This query is : Resolved
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rajesh kumar
(Querist)
08 January 2020
MY CLIENT HAS MADE WORK CONTRACT WITH COMPANY TO INSTALL SOLAR PROJECT ALONG WITH MACHINERY
I GOT FIRST BILL FOR MACHINERY & MATERIAL APROX 1.60 CRORE
AND SECOND BILL ONLY FOR INSTALLATION AND COMMISSIONING OF RS. 55.00 LACS
PLEASE CLARIFY THAT WHAT RATE OF TDS TO BE DEDUCTED AND ON WHICH AMOUNT TDS TO BE DEDUCTED ON WHOLE OF THE AGREEMENT VALUE OR ONLY INSTALLATION AND COMMISSION AMOUNT ?
I GOT FIRST BILL FOR MACHINERY & MATERIAL APROX 1.60 CRORE
AND SECOND BILL ONLY FOR INSTALLATION AND COMMISSIONING OF RS. 55.00 LACS
PLEASE CLARIFY THAT WHAT RATE OF TDS TO BE DEDUCTED AND ON WHICH AMOUNT TDS TO BE DEDUCTED ON WHOLE OF THE AGREEMENT VALUE OR ONLY INSTALLATION AND COMMISSION AMOUNT ?
CA R SEETHARAMAN
(Expert)
08 January 2020
Deduct TDS only on installation and commissioning amount.
KAVIRAJA ADDANGADI
(Expert)
08 January 2020
Tds can be deducted @2% under 94c for installation bill ,
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