Menu
TDS deduction under s.194.C
Whether TDS needs to be deducted under s.194c if I renovating school and for it I am making payment of 69,000 , which includes payment both for tiles ( material) and his work.
Replies (3)
If contract is given for lumsum payment then yes tds has to be deducted @ 1%
If labour portion is specifically mentioned in the invoice and that portion is also below 30000 then you are not required to deduct tds on bill.
Agree with harshit and dhiraj ji
Recent Threads
- Property value in 26QB
- Form 26QB Multiple Buyer/Multiple seller
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
Related Threads
CAclubindia
