Tds know

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2016 Hi Suppose there is bill of contractor :

Fees : 900000
service tax : 130500
Total : Rs.1030500.00

so wht will be the tds deducted and how much ?

Ankur Singhal

Ankur Singhal (Expert)
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04 March 2016 Dear
TDS would be deducted on Rs.9,00,000/- only. Refer Circular 01/2014 for the same as it specify that no need to deduct TDS on the service tax amount.
Pls explain which type of contractor is this and work done by him??

Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2016 he has made a office station for us ..

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Ankur Singhal

Ankur Singhal (Expert)
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04 March 2016 Dear
TDS will be deducted under section 194C

1. Payment / Credit to resident individual or HUF @ 1 %
2. Payment/Credit to any resident person other than individual / HUF @ 2 %
TDS Rate if PAN not available @20%