Tds on labour

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 May 2014 i given my vehicle for service . after completing of service service provider given bill consist of Parts amount Rs.10000 and labor amount Rs.55000 (including service tax)
. in this case tds applicability is?

Nitin Bhuta

Nitin Bhuta (Expert)
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26 May 2014 Yes applicable u/s 194 C of the Income Tax Act 1961 I assume you are covered under 44AB or you are a corporate assessee

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Guest

Guest (Expert)

27 May 2014 in this rate if u r a pvt. ltd

tds and WCT both will be applicable...

if remaining condition satisfies

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Rupesh Jain

Rupesh Jain (Expert)
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27 May 2014 yes you have to deduct the TDS u/s 194 C if your Prop. business and you are auditing u/s 44AB and in your firm or company. then TDs u/s 194 @ 1% if service provider is individual/HUF and @ 2% if service provider is otherwise.

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Querist : Anonymous

Querist : Anonymous (Querist)

27 May 2014 just i am a common man(individual) without TAN and 44AB not applicable then what is tds implication?

Guest

Guest (Expert)

27 May 2014 you need not to deduct tds... because until you came under purview of audit you need not to deduct tds as an common man.. no liablity

Nitin Bhuta

Nitin Bhuta (Expert)
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27 May 2014 then it is not applicable.

Rupesh Jain

Rupesh Jain (Expert)
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