TDS Payment
This query is : Resolved
15 April 2010
Hi.
If i am using contractor services for our interior work for which contractor will raise a bill which is inclusive of material and labour. The same will attract vat as well as service tax too. In that case, how tds to be calculated on total invoice value or only on certain percetage.
Pleas advise...
Thanks.
Prashant
If i am using contractor services for our interior work for which contractor will raise a bill which is inclusive of material and labour. The same will attract vat as well as service tax too. In that case, how tds to be calculated on total invoice value or only on certain percetage.
Pleas advise...
Thanks.
Prashant
CMA Ramesh Krishnan
(Expert)
15 April 2010
If the Contractor provided the Labour & Material portions separatley you can deduct labour only. if the invoice raised together you need to deduct total amount only.
CA Suresh Choudhary
(Expert)
15 April 2010
You have to deduct tds on the entire amount.
15 April 2010
IT WOULD BE BEST TO ASK THE CONTRACTOR TO PROVIDE SEPARATE BILLS. IF YOU WANT TO TAKE INPUT CREDIT OF VAT. OTHERWISE DEDUCT TDS ON THE TOTAL AMOUNT.
CA Ashok Kumar Sahu
(Expert)
15 April 2010
deduct tds on total value
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