03 August 2014
if A company/individual enter in a contract for Repairing of chemical Plant which requires technical and professional knowledge and contractor also requires to supply the all material which are to be consumed in repairing of this Chemical Plant. As, in this contract, contractor has to supply both Labours(professional service) and Material so it is works contract thus Reverse charge should be applicable ( 50% paid by the SR and 50% paid by the SP). TDS should be Deducted U/s 194J. EX contract amount 200000 70% amount is Service (professional) 30% amount is material TDS should be calculated as follows
21 September 2014
Dear sir, my questions was not about whether tds is to be deducted inclusive of ST or not. My doubt was about under which section TDS is to deducted (u/s 194J projessional service or 194C Contract Service)
CAclubindia
