TMI BlogTDS U/S 194CX X X X Extracts X X X X X X X X Extracts X X X X ..... I WANT TO KNOW ABOUT TDS APLICABLE U/S 194C ON OFFICE FURNITURE WITH INTERIOR DECORATION WITH MATERIAL CONTRACT. AND CONTRACTOR ISSUE BILL WITH VAT 8% AND SERVICE TAX 4.944% IT IS PROPER? ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Reply By ganeshan kalyani - The Reply = The rate of 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 m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ay have opted for composition scheme. The service tax charged by contractor seems to be incorrect, because the contract with material and service element falls under reverse charge mechanism under hea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ding works contract service. Accordingly only 2.47% service should only be levied by him if provider of service is other than company and recipient of service is company. Refer Notification no.30/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2012-Service Tax. - TDS U/S 194C - Query Started By: - shamji bhanushali Dated:- 12-5-2015 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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