TDS 194C. Amount to be considered as aggregate
This query is : Resolved
17 June 2022
My client has made a payment for repairs & maintenance for Rs.1,10,000 for the year to a party. This includes both material & service bills.The repair materials cost Rs. 90000 & service charges Rs. 20000. So, should I deduct TDS on the whole amount or just on the service part? Or should I ignore that transaction, as the service part doesn't exceed the limit? In such cases, which amount should be considered as aggregate? the total amounts paid just for the service or the payment as a whole?
17 June 2022
Please deduct the amount on service charges ,you should consider the aggregate on services ,if it exceeds the prescribed limit ,do not consider the material amount .
17 June 2022
Thank u sir. So, in this case above, should I deduct the TDS for Rs.20000?
17 June 2022
No TDS deduction is required as the bill is less than Rs. 30,000 for service.
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