One of the our vendor has given bill of 2,00,000 including material, service, transport and GST at 18%. Service is come up to 30,000. In what amount we need to deduct the TDS and under which section we need to deduct the TDS.
One of the our vendor has given bill of 2,00,000 including material, service, transport and GST at 18%. Service is come up to 30,000. In what amount we need to deduct the TDS and under which section we need to deduct the TDS.
If its work contract....... you will have to deduct for aggregate value.... U/s. 194C.
If service bill is separate with its contract, then only service charges will be liable for TDS.
| Originally posted by : Dhirajlal Rambhia | ||
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If service bill is separate with its contract, then only service charges will be liable for TDS. |  |
Under which section we need to deduct the TDS?
For any such service contracts..... Sec. 194C is applicable....
SSGS and Associates
Chennai
CA Inter
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T R SOOD & CO
New Delhi
CA Inter
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CAclubindia
