In case of works contract, If supplier provides seperate invoices for material purchased and labour then TDS need to be done only on labour?? What if there is no segregation of material and labour in work order ??
3 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 07 September 2012
Yes TDS needs to be done only for laboutr. If there is no seperate invoice then demand for a invoice giving the break-up fo teh materials & labout else deduct tax on the entire bill amount.
Sheekha
(Student CA Final )
(22 Points)
Replied 07 September 2012
| Originally posted by : Anant | ||
 |
In case of works contract, If supplier provides seperate invoices for material purchased and labour then TDS need to be done only on labour?? What if there is no segregation of material and labour in work order ?? |
 |
TDS Shall be deducted u/s 194C for Work Contarcts as under:
1)on invoice value excluding the value of material,if such value is mentioned separately in the invoice:or
2)On whole of the invoice value,if the value of material is not mentioned separately in the invoice.
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 07 September 2012
| Originally posted by : Giridhar S Karandikar | ||
|
|
Yes TDS needs to be done only for laboutr. If there is no seperate invoice then demand for a invoice giving the break-up fo teh materials & labout else deduct tax on the entire bill amount. |
|
yes agree..
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