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.
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.
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
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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