Tds on material portion
This query is : Resolved
03 January 2012
If any contractor submit consolidated bill i.e. (Material + Labour charges ) TDS on which amount should be deducted on U/s 194C. That is on total bill amount or only labour charges value......????
Plz help....us.....
Plz help....us.....
05 January 2012
As per Law Tax should be deducted on amount which is covered for TDS but as per circular 715 dated 8th August, 1995 issued by CBDT clearly specify that when bill not issed for seperatly for material & labour then TDS should be on Full Amount including Material Portion.
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