TDS applicable on 2 bill reiceived
This query is : Resolved
05 June 2025
Dear Sir, Madam,
I have 1 received bill taxable amount to 20000/- on date 05.05.25, and second bill received same amount on 05.06.25, for repair & maintenance for machine, now we will not receive any bill from this supplier. Should TDS be deducted for this supplier or not? if yes what rate of TDS i have to deduct.
Thank in advance.
I have 1 received bill taxable amount to 20000/- on date 05.05.25, and second bill received same amount on 05.06.25, for repair & maintenance for machine, now we will not receive any bill from this supplier. Should TDS be deducted for this supplier or not? if yes what rate of TDS i have to deduct.
Thank in advance.
06 June 2025
Section 194C: This section applies to payments made to contractors for carrying out any "work," which includes routine repairs and maintenance contracts, even those involving the supply of spares.
If the services are highly technical in nature, requiring specialized knowledge or skills, Section 194J (TDS on Fees for Technical Services) might be applicable, with different rates. However, for most common machinery repairs and maintenance, Section 194C is the norm.
Threshold Limits for TDS Deduction (under Section 194C):
Single Transaction Limit: No TDS is to be deducted if the amount paid or credited for a single transaction does not exceed ₹30,000.
Aggregate Financial Year Limit: No TDS is to be deducted if the aggregate of the amounts paid or credited to the same contractor during the entire financial year does not exceed ₹1,00,000.
If the services are highly technical in nature, requiring specialized knowledge or skills, Section 194J (TDS on Fees for Technical Services) might be applicable, with different rates. However, for most common machinery repairs and maintenance, Section 194C is the norm.
Threshold Limits for TDS Deduction (under Section 194C):
Single Transaction Limit: No TDS is to be deducted if the amount paid or credited for a single transaction does not exceed ₹30,000.
Aggregate Financial Year Limit: No TDS is to be deducted if the aggregate of the amounts paid or credited to the same contractor during the entire financial year does not exceed ₹1,00,000.
06 June 2025
Thank you so much Sir,
06 June 2025
You are welcome.
28 September 2025
Good luck.....
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
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Form 121 & TDS deduction
- LC charges in relation to Asset purchased should be Capitalised ?
- Regarding appeal to GSTAT
- Value of property in capital gain
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Copyright software
- Transporter Declaration form
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
