Dear Collegues
In case of works contract where the material price and labour charges are showing on the bill separately, then TDS will be done or not ? Total amount of the bill is 33000 and labour charges is of Rs. 15000.00.
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Tds u/s 194c
Replies (3)
194C TDS is deducted when single contract charges are >30000 or in agreegate in a year is >100000.
Since in your case it is just 15000 you dont need to deduct tax.
| Originally posted by : SIDDHARTHA KUNDU | ||
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Dear Collegues In case of works contract where the material price and labour charges are showing on the bill separately, then TDS will be done or not ? Total amount of the bill is 33000 and labour charges is of Rs. 15000.00. |
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At present case not required to deduct TDS as per 194 C
If it's works contract then You can deduct TDS...
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