TDS on labour work
This query is : Resolved
08 July 2023
In a job work where the material and labour are shown seperately in a single bill , total bill amount is 46 k but the labour chgs are below 22k k, should the tds be deducted considering the threshold of 30 k for 1 bill ,
Or not to deduct TDS as the labour chgs are below 30k
Or not to deduct TDS as the labour chgs are below 30k
08 July 2023
No need to deduct TDS.
08 July 2023
Better to get separate bills for material and Labour charges...
Otherwise it's considered as works contract and TDS to be deductible.
08 July 2023
The exclusion of value of material is for tax deduction only not for ascertaining applicability.
TDS applicable because sum is above 30k.
TDS will be on 46k less value of material.
TDS applicable because sum is above 30k.
TDS will be on 46k less value of material.
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