CA Anilkumar
This query is : Open
08 January 2017
whether we need to deduct tds on maintenance charges, if so where in the act this provision is related ?
Ashiwini Ballodia
(Expert)
08 January 2017
Yes you have to deduct TDS u/s 194c @1%/2%
Ashiwini Ballodia
(Expert)
08 January 2017
TDS to be deducted @1% if payee individual/HUF and for others @2%
Ashiwini Ballodia
(Expert)
08 January 2017
TDS will be deducted when single payment exceeded Rs.30000/- or the aggregate amount during the FY exceeded Rs.75000/-
Ashiwini Ballodia
(Expert)
08 January 2017
194C is TDS on Contracts
08 January 2017
The aggregate amount limit has been increased to 100000.
Ashiwini Ballodia
(Expert)
08 January 2017
Thanks Abhay Ji for the correction
Ashiwini Ballodia
(Expert)
09 January 2017
actually maintenance charge is a contract so TDS to be deducted u/s 194C
10 January 2017
Even though it is a contract it does not fall under the definition of work. So I think TDS is not applicable. correct me if I am wrong
Ashiwini Ballodia
(Expert)
10 January 2017
As per me you are wrong
Ashiwini Ballodia
(Expert)
10 January 2017
Better to deduct to TDS instead if any future problems
11 January 2017
But it is not in the act or provision. how there could be problem
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