TDS U/S 194C

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..... TDS U/S 194C
Query (Issue) Started By: - shamji bhanushali Dated:- 12-5-2015 Last Reply Date:- 13-5-2015 Income Tax
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Income Tax
I WANT TO KNOW ABOUT TDS APLICABLE U/S 194C ON O .....

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..... FFICE FURNITURE WITH INTERIOR DECORATION WITH MATERIAL CONTRACT. AND CONTRACTOR ISSUE BILL WITH VAT 8% AND SERVICE TAX 4.944% IT IS PROPER? Reply By ganeshan kalyani: The Reply: The rate of .....

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..... TDS under 194C is 1% for Individual / HUF and for others 2% on contract value without service tax. Secondly, the VAT charged is correct as he may have opted for composition scheme. The service tax cha .....

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..... rged by contractor seems to be incorrect, because the contract with material and service element falls under reverse charge mechanism under heading works contract service. Accordingly only 2.47% servi .....

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..... ce should only be levied by him if provider of service is other than company and recipient of service is company. Refer Notification no.30/2012-Service Tax.
Discussion Forum - Knowledge Sharing .....

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