Tds on contract

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 February 2012 Dear Expert,

I have entered into a contract with one of the party for security system for my office. He is giving me 2 bill one for Material supply and another for installation charges.

should I required to deduct TDS on both the bill or only on intallation charges U/S. 194C.

Monik Dedhia.

G.Ramesh

G.Ramesh (Expert)
Follow

15 February 2012 It is depend on what written on your Contract,if the contract value mentioned total amount, has to deduct TDS on total amount, if the party is individual @ 1% , if company 2% of tds to be deducted