Dear Sir,
For example, I am a contractor, my sub contractor have give me 2 bills, one for materials cost used in work Rs.50 lacks, another for Labour cost for Rs.10 lacks. my query is should i deduct 1% TDS on both payment or only on labour cost that is Rs.10 lacks.?
TDS on Works contract
NANDAN (tax cunsultant) (417 Points)
18 March 2019