TDS
HARENDRA KUMAR (ACCOUNTANT) (89 Points)
28 January 2011
if contractor work with materials .so how can TDS Deduct i.e on total invoice value or seperatly (materials & Labour Charge )?
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 28 January 2011
look into your accounting method, where u book the contractor payment, and proceed accordingly.
FATEMA
(CHARTERED ACCOUNTANT)
(719 Points)
Replied 29 January 2011
Ask the contractor to show the amounts for material and labour separately in the invoice.If he does so, then deduct TDS on the amount of labour.if he does not then deduct TDS on the total invoice amount.
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