Dear Collegues
In case of works contract where the material price and labour charges are showing on the bill separately, then TDS will be done or not ? Total amount of the bill is 33000 and labour charges is of Rs. 15000.00.
3 Replies
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 29 June 2018
194C TDS is deducted when single contract charges are >30000 or in agreegate in a year is >100000.
Since in your case it is just 15000 you dont need to deduct tax.
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 29 June 2018
| Originally posted by : SIDDHARTHA KUNDU | ||
 |
Dear Collegues In case of works contract where the material price and labour charges are showing on the bill separately, then TDS will be done or not ? Total amount of the bill is 33000 and labour charges is of Rs. 15000.00. |
 |
At present case not required to deduct TDS as per 194 C
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 29 June 2018
If it's works contract then You can deduct TDS...
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
