tds on material & Service purchase against one bill
pankaj
(Querist) 27 June 2011
This query is : Resolved
dear sir,
i m article assistant under C.A. & want to know whether tds should be deducted on material & Service purchased against One bill which shows material amount seprately & Service Parts seperately
for example
Spare Parts - 22000
Vat - 2520
Labour - 6000
service tax- 612
Total amt 31132
Arul Kumar
(Expert) 27 June 2011
TDS on Rs.6,618/- (Rs.6000+Service tax 10.3% Rs.618)
soumitra basu
(Expert) 28 June 2011
If it is a sale of spare of parts and service rendered separately, no TDS has to be deducted.
If it is works contract TDS has to be deducted on the entire Rs. 31,132