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.
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.
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