30 November 2010
my client purchases tyres from one party.he gives bill showing amt of tyre + vat n labour charegs for wheel alingment separately.then what is TDS implication as we r showing bills as our expenses of repairs n maint of vehicle.
30 November 2010
If the labour charges are included in the bill then TDS has to be deducted. It does not matters that they are shown separately or not. But, if there is single bill for the whole transaction then TDS has to be deducted if amount of bill is above 20,000/30,000(ammended now) u/s 194 C