Tds u/s 194 c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2013
Hi..
I am directly coming to my query.
A company gives a work to a contractor to lay marble on their floor. Here, the problem is, contractor itself is supplying the materials(ie,marbles) and he does the laying work too.
Here my questions is whether company has to deduct TDS for the gross amount including the supply of goods or only for the contract work done by him under section 194 C.
Here bifurcation of supply value and contract value is available.
Thanks..
I am directly coming to my query.
A company gives a work to a contractor to lay marble on their floor. Here, the problem is, contractor itself is supplying the materials(ie,marbles) and he does the laying work too.
Here my questions is whether company has to deduct TDS for the gross amount including the supply of goods or only for the contract work done by him under section 194 C.
Here bifurcation of supply value and contract value is available.
Thanks..
03 June 2013
if invoice is raise separately that deduct TDS on Labour invoice.
But is the invoice is raised including material ,then deduct TDS on Gross.
But is the invoice is raised including material ,then deduct TDS on Gross.
03 June 2013
Take separate Bills for Material and Labour Work. On material bills no TDS and on Labour Works TDS u/s 194C
03 June 2013
Refer 194C subsecton 3
in this cases TDS can be deducted as follows,
(i) on the invoice value excluding the value of material, if such value is mentioned separately in the invoice; or
(ii) on the whole of the invoice value, if the value of material is not mentioned separately in the invoice.
in this cases TDS can be deducted as follows,
(i) on the invoice value excluding the value of material, if such value is mentioned separately in the invoice; or
(ii) on the whole of the invoice value, if the value of material is not mentioned separately in the invoice.
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