Deduction of TDS

This query is : Resolved

Robert.M (Querist)
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01 September 2010 A company supplies interceptor vehicles to various police departments for which it enters into AMC for computers & laser machines installed into the vehicle & pay the amount. The aforesaid vehicle is sold at quoted price.

Now, since the AMC cost is part of the product as a whole & also, it is being done on behalf of customers, whether the company is liable to deduct TDS on such AMC payment made for the product package?

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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01 September 2010 If the AMC charges for the product is included in the main bill of actual products & it is included in the product cost, then TDS will not apply.

Robert.M

Robert.M (Querist)
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01 September 2010 AMC cost is not included while quoting price in tender form. So, I think, it should be deducted???

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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01 September 2010 If the bill for vehicle includes AMC charges for , say 1-2 years, then also TDS will not be applicable as the total payment will be considered as cost of the vehicle.

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