TDS on Contract

ravijan

Is the TDS to be deducted on the total bill of labour contract or on the service charges of the bill.

sudipta_09

TDS should be deduted only on service charges not on cost of material.

callrish20

TDS HAS TO BE DEDUCTED ON THE INVOICE VALUE I.E BASIC + TAX
= INVOICE VALUE...except for rent amount accorrding to section 194I in such case tds is deduted on amount (excluding service tax)

aa_somani

TDS is deducted on the contract value. If you have given any contract to a vendor and which includes materal and labour. and material is as per your specification then tds has to deduct on entire amount. If he is just suppling material and labour bill is diff. then no TDs on material. one more thing from 01/05/2009 it is clear that TDS not to deduct on VAT,service tax central sales tax etc.