Tds on work contract

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D C Sivastava (Querist)
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12 March 2008 in any work contract where material required for execution of work is suplied by contractor, tds will be deducted on work portion of contract or on the full value of work contract.

Shyam Lal Naik

Shyam Lal Naik (Expert)
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13 March 2008 On the work portion only.

CA Saurabh Maheshwari

CA Saurabh Maheshwari (Expert)
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13 March 2008 IF IN BILL THERE IS BIFURCATION BETWEEN THE TWO THAN TDS IS REQUIRED TO BE DEDUCTED ON WORK PORTION OTHERWISE ON WHOLE WORK CONTRACT VALUE IF NO SEGREGATION POSSIBLE

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CA Praveen Chopra

CA Praveen Chopra (Expert)
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13 March 2008 Mr Saurabh is absolutely correct.It depends on invoice.