Tds on work contract for building
This query is : Resolved
Gorav Kumar Goyal
(Querist)
22 March 2013
DEAR SIR,
WHETHER TDS U/S 194C WILL BE DEDUCTED ON PAYMENT MADE TO CIVIL CONTRACTOR FOR CONSTRUCTION OF BUILDING.(MATERIAL+LABOUR)
THANKS,
GORAV GOYAL
WHETHER TDS U/S 194C WILL BE DEDUCTED ON PAYMENT MADE TO CIVIL CONTRACTOR FOR CONSTRUCTION OF BUILDING.(MATERIAL+LABOUR)
THANKS,
GORAV GOYAL
22 March 2013
You should be liable to deduct on what amount the contractor shown his bill.
If the material bill having your company name there no need for the deduction.
Hope u have cleared!!!!!!**
If the material bill having your company name there no need for the deduction.
Hope u have cleared!!!!!!**
Gorav Kumar Goyal
(Querist)
22 March 2013
Yes Mr. Javed,
Actually bill is in totally, no bifurcation given. after that service tax and WCT is levied.
So i am just confused whther Building work is covered under "work" definition to deduct tds. Is Constuction work liable to tds??
Is any difference in building work and construction work??
Actually bill is in totally, no bifurcation given. after that service tax and WCT is levied.
So i am just confused whther Building work is covered under "work" definition to deduct tds. Is Constuction work liable to tds??
Is any difference in building work and construction work??
CMA Ramesh Krishnan
(Expert)
22 March 2013
Under Income tax tds section 194C will apply for total bill value of the contractor, so no need to confuse, deduct on total bill value
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