Tds- very urgent
Querist : Anonymous
Bill Details :-
Labour Charges Rs.8000+ST
Parts Rs. 25000+VAT
Sub contract Rs. 7500+ St
Total Bill amount Rs. 44,500/-
Whether TDS will be applicable ?
As out of Rs. 44500/- Rs. 25000 is towards Parts & Not for services so if we reduce this gross bill amt become less than 30000/-
Pls rply on urgent basis
Swasti
Querist : Anonymous
But my understanding is that we should look at the gross bill amount as sec 194C use the wording of "gross bill amount"
Swasti
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