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Tds deduction query

Mitesh Soni (CA Final Student) (83 Points)

27 August 2012  

HI All,

Greetings....

We are in to construction of Buildings, we have received two bills of 50,000 & 94,500 for gardening expenses of the new building which includes Purchase of Plants, Saplings , Soil etc.. The Labour, Maintainance, & transportation charges are shown seperately in both the bills....Labour Charges are 10000 in each of the bill....Let me know weather TDS is to be deducted while making his payment ????

Regards.


 5 Replies

C.A.M.S.ROY (C. A.) (473 Points)
Replied 27 August 2012

yes tds shall be deducted u/s 194C on total bill amount, including the value of material, if amount credited during the year exceed Rs.75000/-

Mitesh Soni (CA Final Student) (83 Points)
Replied 27 August 2012

Originally posted by : C.A.Maya shankar Roy

yes tds shall be deducted u/s 194C on total bill amount, including the value of material, if amount credited during the year exceed Rs.75000/-

Thanks for the reply

But on Material cost TDS shound nor be deducted right ?

Labour Charges TDS is to be deducted But the labour charges are with the 75,000 limit ?

So i dont think TDS should be deducted ?

CA PRAVEEN SINGH (MANAGER ACCOUNTS) (2277 Points)
Replied 27 August 2012

Originally posted by : Mitesh Soni




Originally posted by : C.A.Maya shankar Roy






yes tds shall be deducted u/s 194C on total bill amount, including the value of material, if amount credited during the year exceed Rs.75000/-






Thanks for the reply

But on Material cost TDS shound nor be deducted right ?

Labour Charges TDS is to be deducted But the labour charges are with the 75,000 limit ?

So i dont think TDS should be deducted ?

YES...

Mitesh Soni (CA Final Student) (83 Points)
Replied 27 August 2012

TDS is to be deducted on whole amount i.e. 50,000+94,500=1,44,500 ????

WHY ????

satish kumar (accountant) (258 Points)
Replied 28 August 2012

yes, tds to be deducted on whole amount


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