Tds

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venkatesh (Querist)
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21 April 2014 We have a Building of 2 floors,
for this
maintainance charges for
2nd floor rs 13,667/-
they are paying by deducting of tds @ 2% ?

so, how i caliculate the mainatainance charges ?

if we add 2% tds to total maintainance charges ?

if we add 2% we have to pay tds to govt ?

Sandeep Dharar

Sandeep Dharar (Expert)
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21 April 2014 How can he deduct TDS. Coz it is not crossing the limit mentioned u/s 194C? Ask him/her about the matter.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 April 2014 you need to deduct 2% of Rs 13667 and pay remaining to the maintenance entity. the 2% deducted is to be deposited to the govt.

Sandeep Dharar

Sandeep Dharar (Expert)
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21 April 2014 Nikhil I think he is receiving the maintenance charges. And can u explain how TDS should b deducted since the limit is not crossing?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 April 2014 yes he is. because most probably these are monthly maintenance charges.

plus, income tax only provides conditions for not deducting taxes, it doesn't mean that you cannot deduct!

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Sandeep Dharar

Sandeep Dharar (Expert)
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21 April 2014 But u have mentioned u need to deduct 2% from....... and pay to the remaining to the maintenance entity entity. K I believe that is is monthly.

venkatesh

venkatesh (Querist)
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21 April 2014 Shall We add Service Tax To Maintainance Charges ?