Tds on work contract u/s. 94c
This query is : Resolved
04 February 2014
A contractor issued single invoice by showing material and labour seperately (70 % as material and 30 % as labour). whether tds to be deducted on labour value or on total value.
04 February 2014
Dear friend
TDS u/s 194C is applicatble only on contract of labour charges @ 1% (Ind./HUF), 2% (Firm/Company), @20% If deductee have no PAN. There is no TDS liable on purchase of material if seperatly disclose in invoice.
TDS u/s 194C is applicatble only on contract of labour charges @ 1% (Ind./HUF), 2% (Firm/Company), @20% If deductee have no PAN. There is no TDS liable on purchase of material if seperatly disclose in invoice.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- TDS on Dashcam rent and allied services
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Intimation under section 245
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
