How to deduct TDS if invoice contain both goods and service component?
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If the invoice clearly separates the value of goods and services, then:✅ TDS is applicable only on the service component, as TDS is not deductible on the purchase of goods.✅ No TDS on the goods portion, as per the CBDT Circular No. 715 (1995) and various case laws. Check the contract terms to determRead more
If the invoice clearly separates the value of goods and services, then:
✅ TDS is applicable only on the service component, as TDS is not deductible on the purchase of goods.
✅ No TDS on the goods portion, as per the CBDT Circular No. 715 (1995) and various case laws.
Check the contract terms to determine if it falls under works contract or pure goods purchase.
if it falls under the works contract then TDS u/s 194 C will be deducted.
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