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
- 20721 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 TCS & DIFFINATION
i ask to i am deposit tds for cash yes / no please tell me
How tax deduction at source is deducted
is WCT applicable one time? and what will be rate of WCT in UP State?
what is TCS? and why it is collect by Government?
What is CAARO?
what is the direct or indirect tax,types of direct or indirect tax.rates of various taxes 2008-09,procedure of taxes. form of various taxes.when the taxes is filled?
what is rate of CST on Pumps
what is Difference between R-1 & R-2 Gurgaon Sale tax Return, write 5 to 10 diff.
how to calculate tds?
I have an interview, they are asking direct and indirect taxes and exp. pls tell me any one regarding this which type of questions they will be asking.
what is E.S.I, P.F rates and working notes
Audit 
