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how to calculate tds on labour charge
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Answer Posted / alkesh
tds on labour can be treated as tds on contract.
n if amount of the labour paid to party is more than rs
50000 in a year or 20000 in a one bill then TDS will be
deducted while making payment to party.
suppose labour charges paid rs 150000 then TDS on the same
amount will be 150000*2% = 3000
(w.e.f 1-10-2009 SEC and HSEC removed )
(10% surcharge if applicable)
| Is This Answer Correct ? | 169 Yes | 21 No |
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