Wct tds on flex, banners etc.

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Querist : Anonymous

Querist : Anonymous (Querist)

25 August 2013 Is deduction of TDS on Work Contracts (WCT TDS Rate) liable on printing and mounting of Flex, Banners etc., having single contract of work and labour?

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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25 August 2013 TDS can be made on any works contract.If in your case you raise seperate bills for the value of flex board an then another bill for labour charge of erecting in a place tds can be avoided..mjk

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Ganeshbabu K

Ganeshbabu K (Expert)
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25 August 2013 As per Sec.194C Subsection 3,

Where any sum is paid or credited for carrying out any work mentioned in sub-clause (e) of clause (iv) of the Explanation, tax shall be deducted at source—

(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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Querist : Anonymous

Querist : Anonymous (Querist)

25 August 2013 Further, can we deduct WCT @4% on Flex, Banner etc. providers??