Tds on contract
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 February 2012
Dear Expert,
I have entered into a contract with one of the party for security system for my office. He is giving me 2 bill one for Material supply and another for installation charges.
should I required to deduct TDS on both the bill or only on intallation charges U/S. 194C.
Monik Dedhia.
I have entered into a contract with one of the party for security system for my office. He is giving me 2 bill one for Material supply and another for installation charges.
should I required to deduct TDS on both the bill or only on intallation charges U/S. 194C.
Monik Dedhia.
15 February 2012
It is depend on what written on your Contract,if the contract value mentioned total amount, has to deduct TDS on total amount, if the party is individual @ 1% , if company 2% of tds to be deducted
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