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CA Anilkumar

This query is : Open 
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(Querist)
08 January 2017 whether we need to deduct tds on maintenance charges, if so where in the act this provision is related ?
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
08 January 2017 Yes you have to deduct TDS u/s 194c @1%/2%
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Anilkumar

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Anilkumar (Querist)
08 January 2017 Could you please tell the provision
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
08 January 2017 TDS to be deducted @1% if payee individual/HUF and for others @2%
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Ashiwini Ballodia

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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/-
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
08 January 2017 194C is TDS on Contracts
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CMA Abhay Kumar Yadav

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CMA Abhay Kumar Yadav (Expert)
08 January 2017 The aggregate amount limit has been increased to 100000.
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
08 January 2017 Thanks Abhay Ji for the correction
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Anilkumar

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Anilkumar (Querist)
09 January 2017 but where in the act it is mentioned this provision
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
09 January 2017 actually maintenance charge is a contract so TDS to be deducted u/s 194C
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Anilkumar

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Anilkumar (Querist)
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
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
10 January 2017 As per me you are wrong
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
10 January 2017 Better to deduct to TDS instead if any future problems
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Anilkumar

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Anilkumar (Querist)
11 January 2017 But it is not in the act or provision. how there could be problem
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