We are pay 160000 for making office furniture to a person he has bill raised without GST
can I deduct TDS ? and what rate?
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Tds on furniture making
Replies (6)
It involves the element of customisation and labour charge. Hence tds need to be deducted.
But it should be deducted only to the component of labour charge. However If labour charge not shown separately then on entire bill.
But it should be deducted only to the component of labour charge. However If labour charge not shown separately then on entire bill.
Are you having TAN number to deduct TDS .?.
Yes I have company TAN no
Yes, you are required to deduct TDS @ 0.75%
Okay Thanks
Furniture is your asset.. you don't need to deduct tds..
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