Tds on contractor
This query is : Resolved
27 March 2013
Dear collouges kindly solve my query
Our company is deducting is tds u/s 194C. I want to ask
1- whether written contract is compulsory for deducting this tds.
2- Whether tds will be deducted on full Bill amt or only on labour charges included in the bill.
Our company is deducting is tds u/s 194C. I want to ask
1- whether written contract is compulsory for deducting this tds.
2- Whether tds will be deducted on full Bill amt or only on labour charges included in the bill.
27 March 2013
TDS will be deducted on full amount. Even in the absence of the contract which contains the various terms the Invoice will be considered as the contract.
27 March 2013
No specific contract is required, it is deemed to be a contract.
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