Tds- very urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 December 2011
Pls Guide
Bill Details :-
Labour Charges Rs.8000+ST
Parts Rs. 25000+VAT
Sub contract Rs. 7500+ St
Total Bill amount Rs. 44,500/-
Whether TDS will be applicable ?
As out of Rs. 44500/- Rs. 25000 is towards Parts & Not for services so if we reduce this gross bill amt become less than 30000/-
Pls rply on urgent basis
Swasti
Bill Details :-
Labour Charges Rs.8000+ST
Parts Rs. 25000+VAT
Sub contract Rs. 7500+ St
Total Bill amount Rs. 44,500/-
Whether TDS will be applicable ?
As out of Rs. 44500/- Rs. 25000 is towards Parts & Not for services so if we reduce this gross bill amt become less than 30000/-
Pls rply on urgent basis
Swasti
29 December 2011
TDS is not applicable as the amount of labour charges is below the limit of sec. 194C.
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 December 2011
Dear Chetan,
But my understanding is that we should look at the gross bill amount as sec 194C use the wording of "gross bill amount"
Swasti
But my understanding is that we should look at the gross bill amount as sec 194C use the wording of "gross bill amount"
Swasti
21 July 2023
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