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TDS U/S 194C

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(Querist)
16 December 2008 A bill shows material cost 75% and labour charges 25%.What I want to know is whether tds should be deducted on 100% of the bill amount or 25% of the bill amount?
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Ravikumar.G

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Ravikumar.G (Expert)
16 December 2008 Circular no 295 / 6.3.1981

In case of composite works contracts to the Government or other specified person, the material necessary for work may be supplied at a stipulated price by the contractee. The deduction should be based on the gross payment without excluding the cost of materials (i.e100%)
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GIRISH KUMAR DUNDLODIA

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GIRISH KUMAR DUNDLODIA (Querist)
16 December 2008 Thank You....
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