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Discussion > Income Tax > TDS >

TDS ON AMC 194C or 194j

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accountant

[ Scorecard : 72]
Posted On 11 June 2008 at 20:01 Report Abuse

ours is a propritory concern and placing an order for AMC of scanning machine for Rs.40,000 plus service tax of 12.36%. my question 1) whether it attract TDS? if so under which section, 2) TDS deduction on gross bill or only on 40000/-. kindly clarify friends.


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M.Sriram Shenoy
CA Final

[ Scorecard : 794]
Posted On 12 June 2008 at 09:52

The above said transaction is covered under contract and hence TDS need to be deducted. The relevant section for TDS is 194C @ 2.266%.

TDS should be deducted on the amount of bill i-e. gross bill including service tax.

 





sreenu
accountant

[ Scorecard : 72]
Posted On 12 June 2008 at 13:20

thanks




CA. Gurdeep Singh Chawla
C A

[ Scorecard : 7056]
Posted On 12 June 2008 at 13:25

under 194 C on gross amount including service Tax


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