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.
Found This Useful? +Vote Up This Page Via Google.
Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.
Explore Topical Knowledge Areas
Topic Categories >> labour contract section 194i central sales tax Location-India-Hyderabad Complete List Of Categories
Interesting Relevant Discussions