TDS ON AMC 194C or 194j

accountant


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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CA Final


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.

 

 
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accountant


thanks

 
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under 194 C on gross amount including service Tax
 
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