CCI Online Learning
50% OFF in CA/CS/CMA Subjects
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

TDS On Works Contract


V. NAVEEN KUMAR SICASA   27 January 2020

V. NAVEEN KUMAR SICASA

 16 likes  182 points

| My Other Post

>One company entered works contract with another company for construction of solar plant.
>Based on contract, contractor billing the other party for supply of goods and services showing separately in the same invoice.
>Now my doubt is on what value, TDS need to be deducted????

1 Like
avater

sabyasachi mukherjee   27 January 2020

sabyasachi mukherjee

 153 likes  4094 points

View Profile | My Other Post

Please upload the work whether it's a composite order or not.
Depending on the same the rate will be ascertained.

1 Like

V. NAVEEN KUMAR SICASA   27 January 2020

V. NAVEEN KUMAR SICASA

 16 likes  182 points

View Profile | My Other Post

It is composite order

1 Like
avater

Kapadia Pravin   27 January 2020

Kapadia Pravin

 924 likes  14328 points

View Profile | My Other Post

Better if contractor issues seperate invoices - one for materials and another for labour and other services.

if it's identifiable in this way, there may not be TDS on materials payments.

TDS will be at applicable rate on labour and other services bill.

One more caution is to pay by seperate cheques or Online modes seperately for material invoice and Labour other charges invoice.

1 Like

V. NAVEEN KUMAR SICASA   27 January 2020

V. NAVEEN KUMAR SICASA

 16 likes  182 points

View Profile | My Other Post

How to handle past transactions. Tds was deducted on service only

1 Like
avater

Kapadia Pravin   27 January 2020

Kapadia Pravin

 924 likes  14328 points

View Profile | My Other Post

There is no answer for hypothetical question. Let it come and at that time you automatically know to handle it. Right now, Njoy

1 Like
avater

sabyasachi mukherjee   11 February 2020

sabyasachi mukherjee

 153 likes  4094 points

View Profile | My Other Post

@ naveen
composite work related to what?
the entire work order is required.
construction of solar has a rate.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Related Threads


Loading

Popular Discussion


view more »



Trending Tags
GST Live Class    |    x