Dear All,
Eg; suppose the company’s vehicles are going for repair and maintenance and the person who providing us the service charging the bill which is as follows:
|
Spare parts |
1,50,000 |
|
Labour |
60,000 |
|
Total |
2,10,000 |
So my Question is at what amount we have to deduct TDS u/s 194C.
Is it Rs. 2,10,000 or Rs. 60,000? Further please mention if any case law you know regarding such case.
Thnx in advance
it should be deducted on Rs.60000+service tax (12.36%) i.e RS.67416
As service tax is not mentioned in the bil amount given tds will be on 60000 only
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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V.K. Ranjan & Co(Chartered Accountants)
New Delhi
B.Com
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CAclubindia
