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..
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Answer Posted / 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 |
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