in old law works contract treated as both service and material,
so we only deduct tds on service portion but in gst act works contracts treated as serivice, so my ques is Tds is deducted on whole amount on this act?
please clarify with notification if any?
Menu
works contracts
Replies (1)
Tds & income tax these 2 r different acts. Do not mix the provisions of both income tax act Or Gst act.As per section 194C, if material & service value is saperately mentioned in invoice then deduction is to made on service part only otherwise on whole amount.
Recent Threads
- Request For Dhirajlal Rambhia
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
Related Threads
CAclubindia
