02 January 2009
Should we deduct tds on followings Expenses, if yes in which section:- 1. Repair & Maintenance to Motor Car 2. Design & eng Charges 3. Exhibition & seminar 4. Export & Clearing charges 5. Internet Charges 6. Legal Exp 7. Machinery hire Charges 8. Repair & Maintenance other than Motor Car 9. Traveling exp 10. Water Charges
02 January 2009
Under the system of Tax Deduction at source (TDS), the payer is required to deduct tax at the time the payment is received by or credited to the account of the payee. Following types of payments would be subject to tax deduction at source: (a)Interest; (b)Royalties; (c) Rent; (d)Any sum paid to architects, engineers, land surveyors, project managers in construction industry, property valuers and quantity surveyors as consideration for services rendered by them; (e)Payments to contractors and sub-contractors.
So you can check out your question list in this 5 points. If still you feel query feel free to post. Thanks
03 January 2009
1. Repair & Maintenance to Motor Car-2.266% section 194C on only service charges and not on parts cost. 2. Design & eng Charges- 11.33% Section 194J 3. Exhibition & seminar- 2.266% 194C 4. Export & Clearing charges- 2.266% 194C (Not applicable if paid to directly to port trust of India, or govt. deptt.) 5. Internet Charges - 2.266% 194C 6. Legal Exp - 11.33% 7. Machinery hire Charges - 2.266% 8. Repair & Maintenance other than Motor Car - 2.266% 9. Traveling exp 2.266% (Not applicable if paid for ticket of state bus transport department or railway or airlines. 10. Water Charges - 2.266% but not applicable if paid to water works department of government. The answer is based on my opinion, please check with department if any doubt appears. **DM