TDS on works contract

TDS 583 views 2 replies

We have given AMC for Machinery. The party given us two seperate bill as under

1. Annual Service Charges - Labour        80000 +  S.Tax     8240/-  = 88240/-

2. Parts sale under AMC Contract            120000 + Works contract Tax 15000/-  = 135000//-

My question is, TDS to be deducted only on labour charges i.e 88240/- or on full amount of Rs. 223240/-

Thanks 

Replies (2)

TDS WOULD BE DEDUCTED ON LABOUR CHARGES ONLY
 

In this case TDS (Contractors) will be Rs 1764.8 and the TDS (WCT) will be Rs 15,000 as per given Information of charge 12.5%. on Rs 120000. 


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