TDS
This query is : Resolved
Vivek Kumar Verma
(Querist)
28 May 2010
does repairs on Fixed Assets are subject to TDS Liability. where the amount paid is exceeding Rs. 20000 in single payment & Rs. 50000 in Annual Payment.
Shyam Lal Naik
(Expert)
28 May 2010
Repairing is a contract for carrying out any work, be it for Fixed Asset or any other asset. TDS liable to be deducted.
28 May 2010
IF SINGLE PAYMENT IS EXCEEDING RS. 20000/- THEN TDS DEDUCTED ON IT THE SAME TIME.
IF ALL THE BILLS ARE BELOW 20000/- THEN WHEN IT CROSS THE LIMITS RS.50000/-
IF ALL THE BILLS ARE BELOW 20000/- THEN WHEN IT CROSS THE LIMITS RS.50000/-
28 May 2010
AGREE WITH EXPERTS. TDS ATTRACTED U/S194C
28 May 2010
W.E.F. 01-07-10 amount is Rs.30,000 & Rs. 75,000 instead of Rs. 20,000 & Rs. 50,000
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- MSME disclosure and disallowance
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
