Interested to Buy Any Domain ? << Click Here >> for more details...
sir, i have charged labour charges with material bill to x
party for Rs.211000/- plz explain me how much TDS amount
will deducte by party..
- 4 Answers
- 21989 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / shailesh chaure
if the bill was bifercated in labaour and material than TDS
will be deducted on labour charges otherwise TDS will be
deducted on invoice amount.
| Is This Answer Correct ? | 45 Yes | 12 No |
Party has to deduct TDS only for the labour charges not for
material supply
| Is This Answer Correct ? | 44 Yes | 14 No |
Answer / sachin
According to income tax ready recknor, if in the same
invoice party has mentione the labour charges separately
then the TDS to be deducted on the labour charges only & if
they did not mention separately the charges of labour then
the TDS should be on Invoice Value.
| Is This Answer Correct ? | 21 Yes | 5 No |
Answer / dhruvil bhatt
If the situation is as above than one has to deduct tax on
total amount of bill i.e material + labour = total amount
on which TDS is to be deducted. Refer Circular no.715 dated
August 8,1995. if consolidated bill given and no separate
bill given than on gross amount of bill TDS is deducted.
| Is This Answer Correct ? | 10 Yes | 7 No |
What is Form 12A & Form-H and where is applicable.
What is VAT TDS? when it is applied & at what rate?
What is Cost of Acquisition?
What is the general format for a consolidated file extension? It is showing invalid file format? So how to solve the error? How to correct the file format? Help me how to know the general consolidated file format like is it tan no_finan.Yr-quarter-type.Tds is this format correct one? Last time i have found the extension as .Csi is it correct?
What is the TDS % & limit on Maintance Charges of Office Space.
WHAT WE DO FOR SERVICE TAX IF A PURCHASER RAISE A DEBIT NOTE FOR OUR SERVICE BILL. PLEASAE EXPALAIN THE PROCEDURE WITH EXAMPLES
I Have Deducted the tds against advance payment and how to adjust in the bill
What is FBT? Is there any fixed rate of tax for all? or slab rate? pls give the detailed answer with examples. My e- mail ID: vijji_tv@yahoo.com
WHAT IS CST
if we mentioned vat 12.5% on bill then we print this bill on retail invoice or vat invoice
what is tds ?
what is present rate for excise duty & service tax for f.y 2009/10?
Audit 
