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Tds on furniture making

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59 Points Posted on 21 October 2020
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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On 21 October 2020 at 17:03 Report
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19 Points Posted on 21 October 2020
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.
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On 21 October 2020 at 18:26
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3924 Points Posted on 21 October 2020
Are you having TAN number to deduct TDS .?.
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On 21 October 2020 at 18:45
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95 Points Posted on 21 October 2020
Yes I have company TAN no
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On 21 October 2020 at 20:04
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Accountant
3662 Points Posted on 21 October 2020
Yes, you are required to deduct TDS @ 0.75%
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On 21 October 2020 at 22:25
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95 Points Posted on 22 October 2020
Okay Thanks
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On 22 October 2020 at 08:01
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accountant
39 Points Posted on 05 December 2022

Furniture is your asset.. you don't need to deduct tds.. 

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On 05 December 2022 at 16:37


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