Tds- very urgent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 December 2011 Pls Guide
Bill Details :-
Labour Charges Rs.8000+ST
Parts Rs. 25000+VAT
Sub contract Rs. 7500+ St
Total Bill amount Rs. 44,500/-

Whether TDS will be applicable ?
As out of Rs. 44500/- Rs. 25000 is towards Parts & Not for services so if we reduce this gross bill amt become less than 30000/-
Pls rply on urgent basis
Swasti

chetan soni

chetan soni (Expert)
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29 December 2011 TDS is not applicable as the amount of labour charges is below the limit of sec. 194C.

Querist : Anonymous

Querist : Anonymous (Querist)

29 December 2011 Dear Chetan,
But my understanding is that we should look at the gross bill amount as sec 194C use the wording of "gross bill amount"

Swasti

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