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TDS ON JOB CHARGES
whether TDS is attracted on Job Charge or not in 94C???
Replies (4)
Quick Summary
Yes TDS applicable on job charges under section 194C
TDS deducted on the Invoice value excluding the value of materials purchased from such custmer if separately mentioned
otherwise on the invoice value
TDS deducted on the Invoice value excluding the value of materials purchased from such custmer if separately mentioned
otherwise on the invoice value
agreed with SURAJ !
TDS applicable on invoice value if Invoice Value does not bifurcate Material and Labour . Otherwise on value other than Material Component .
TDS is required to deduct of single invoice bill > rs 30,000
or agg. of value > 1,00,000
Rate
If contractor is Individual / HUF = 1%
Others = 2 %
Section 194- I deals with all the provisions of Tds on Rent. According to this section, if any person pays the rent to any other person (who is a resident), then that person is liable to deduct TDS on fulfillment of certain conditions.
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