TDS Dedcution either labour cost or both labour & material
This query is : Resolved
07 August 2008
A leather processing unit has received a processing cooly bills as a Contract. The total value of bill amount has splited to chemical cost and labour cost. What amount is to taken for TDS deduction either labour cost only or both?
pls guide me.
pls guide me.
07 August 2008
In case the materil cost and labour cost are billed separately then Tax at source is to be deducted on labour cost only.
07 August 2008
To be deducted on labour cost only
07 August 2008
Only labour cost will be subject to TDS provisions provided the bills should be seperate or if there is a single bill then both the items should be clearly mentioned seperately.
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