We are pay 160000 for making office furniture to a person he has bill raised without GST can I deduct TDS ? and what rate?
Replies (6)
Quick Summary
This discussion explores whether Tax Deducted at Source (TDS) needs to be applied when paying for custom-made office furniture. While generally applicable to labour charges, the consensus is that if labour isn't itemised separately, TDS should be deducted on the entire bill amount at a rate of 0.75%, provided the payer has a TAN number. However, one perspective suggests TDS might not be required if the furniture is considered a company asset.
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.