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Tds is levid on furniture

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 December 2011 In Software company ,for second floor we give a contract for New Furniture for Rs.4 Lac,and labour chagres bill Rs.1,20,000/-
on both bill should i deduct TDS @2%
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Pragnesh

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Pragnesh (Expert)
30 December 2011 Yes. TDS will be applicable u/s. 194C

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