T.d.s on maintenance charges
This query is : Resolved
Suresh M.Moolya
(Querist)
13 September 2013
We are receiving a bill on quarterly maintenance charges from the society and they are levying service tax @ 12.36% on the said maintenance charges.
In this case are we liable to deduct T.D.S on the maintenance charge so raised. If yes, then at what is the rate and section of T.D.S to be deducted?
In this case are we liable to deduct T.D.S on the maintenance charge so raised. If yes, then at what is the rate and section of T.D.S to be deducted?
Ganeshbabu K
(Expert)
13 September 2013
TDS Applicable under section 194C,,
.
.
@ 2% for companies and partnerships payees
@1% for others payees
tds is to be deducted and deposited on amount including service tax
threshold limit to deduct tds: 30000 in single payment and 75000 credits in financial year
.
.
@ 2% for companies and partnerships payees
@1% for others payees
tds is to be deducted and deposited on amount including service tax
threshold limit to deduct tds: 30000 in single payment and 75000 credits in financial year
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