whether tds wii be deducted on works contract
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2011
sir i would like to know that if an educational society enters in to a contract for construction of a building is it a works contract and also liable to deduct tds if yes, at what rate.
29 April 2011
IF WORK CONTRACT IS FOR ONLY MATERIAL SUPPLY THEN NO NEED TO DEDUCT TDS
IF WORK CONTRACT IS FOR LABOUR AND MATERIAL SUPPLY AND CONTRACTOR GIVE THE SEPARATE AMOUNT REGARDING TO LABOUR AND MATERIAL IN THE INVOICES THEN TDS WOULD BE DEDUCTED ON LABOUR PART ONLY OTHERWISE TDS WOULD BE DEDUCTED ON WHOLE INVOICES
TDS RATE 2% IN THE CASE OF COMPANY
IN OTHER CASE RATE IS 1%
IF WORK CONTRACT IS FOR LABOUR AND MATERIAL SUPPLY AND CONTRACTOR GIVE THE SEPARATE AMOUNT REGARDING TO LABOUR AND MATERIAL IN THE INVOICES THEN TDS WOULD BE DEDUCTED ON LABOUR PART ONLY OTHERWISE TDS WOULD BE DEDUCTED ON WHOLE INVOICES
TDS RATE 2% IN THE CASE OF COMPANY
IN OTHER CASE RATE IS 1%
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query Regarding on TDS section 194H and 194J
- Fixed Deposit Claim Relinquishment by the Nominee
- NR GST NUMBER
- ITR 6 Schedule CFL and UD Issues
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- TDS RATE ON RENT PAID TO NRI
- Not a CA , can we prepare balance sheet
- FREELANCING ACCOUNTANT
- GST Form ADT-02
- For REQUIRE INDIVIDUAL GST
- Query reg: Accounting standard, Indian Accounting Standard, IFRS, GAAP, Cost Audit, Frontend audit
- GST Refund SB005 Error
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
