Tds %

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

18 May 2013 sir,
how much tds % to be deduct on amc contract bill

Ganeshbabu K

Ganeshbabu K (Expert)

18 May 2013
IT IS COVERED UNDER 194C AND 2% IS APPLICABLE.

HOWEVER WHERE TECHNICAL SERVICES ARE RENDERED PROVISION OF SEC 194 J @10% WILL BE APPLICABLE FOR TAX DEDUCTION OF SOURCE

CA. Naveen Bhat

CA. Naveen Bhat (Expert)

18 May 2013 It should under section 194 C. The rate will depend upon the status of the entity

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

27 August 2013 SIR,
IF THE PARTY INDIVISUAL, THEN ONLY I WILL BE DEDUCT TDS 2% ON AMC BILL OR NOT

Ganeshbabu K

Ganeshbabu K (Expert)

28 August 2013 if party is individual or huf deduct tds @1%
.
.
.
for others 2%

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

28 August 2013 Thank u so much sir

Querist : Anonymous

Querist : Anonymous (Querist)

28 August 2013 Sir, one more thing, actually we are receiving one DG set from Hyderabad to our plant in Odisha through rental basis for 5 month, that party asking for c form against his DG SET. Can we give c form agaist dg set on hire basis.
Pls reply sir.

Thanks
Subrat Nayak

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now