Tds on additional warranty

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kaushik (Querist)
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24 April 2014 Hello everyone,
can u please advice me regarding the applicability of TDS on additional warranty purchased for laptops for period of 3 years. If so what percentage should be deducted.

Sandeep Dharar

Sandeep Dharar (Expert)
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24 April 2014 If it is free service then no TDS. and if Chargeable & crosses the limit u/s 194C then deduct 1% Individual/HUF and 2%on others.
Limit - 35K single payment and 75K annually.

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kaushik

kaushik (Querist)
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24 April 2014 does it applicable for additional warranty purchased for laptops which is valid for the period of 3 years.