TDS ON CONTRACT
This query is : Resolved
22 February 2010
Dear sir,
Our organization has gone for a expansion of factory premise & all the expenses were capitalized including labour bill for construction work. Now i would like to ask that should i deduct the TDS ON CONTRACT for such labour bills.
Regards
Parixit
Our organization has gone for a expansion of factory premise & all the expenses were capitalized including labour bill for construction work. Now i would like to ask that should i deduct the TDS ON CONTRACT for such labour bills.
Regards
Parixit
22 February 2010
Yes. TDS to be deducted on labour bill. You should deduct TDS @ 2% to company/firms and @ 1% to Individual/HUF/Co-op.Soc.
Regards,
A.Palani
Regards,
A.Palani
22 February 2010
yes.Sec.194c Applies
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