A company is paying for Job work (repair & Maintenance of Printer)monthly however the amount did not exceed rs.9ooo/- per month in the FY 2013-14 except for month of March 2014 where the Bill amount was Rs.16500/-. Due to which total amount paid exceeded Rs.75000/- in the FY 2013-14. Now whether we should deduct TDS on whole amount i.e. Total Paid during the year or the amount which is in excess of the threshold limit (75000/-)?
23 May 2014
But if TDS is now charged on Whole amount then whether interest payment liability would arise from the first payment made in April 2013 or from the month in which total amount exceeds Rs75000/-.
23 May 2014
pls clarify whether the nature of service is AMC i.e Annual Maintenance Contract or purely providing service independently as per your need.
CAclubindia
