Tds opinion

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chirag thacker

chirag thacker (Querist)
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30 May 2015 under which section Tds should be deducted on the service of installation and commissioning of machinery?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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30 May 2015 under sec 194C subject to threshold limit in this section.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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30 May 2015 TDS to be deducted u/s 194C if threshold limit is crossed.

Threshold limit:

Single Bill/Payment Rs 30000/-
Annual Total Rs 75000/-

Rate of TDS:

Individual/HUF @1%
Others @ 2%
No PAN @20%.

TDS to be deducted on amount excluding Service Tax.