Tds deduct for annual maintenance charges
This query is : Resolved
19 November 2013
DEAR SIR
HOW TO TDS DEDUCT FOR ANNUAL MAINTENANCE CHARGES, AND WHICH SEC.
SO PLEASE SUGGEST
HOW TO TDS DEDUCT FOR ANNUAL MAINTENANCE CHARGES, AND WHICH SEC.
SO PLEASE SUGGEST
19 November 2013
if contract is for "work" which is defined u/s 194C tds can be deducted u/s 194C @2% for firms and companies adn 1% for others
..
..
19 November 2013
first calculate AMC charge after including the service tax and edcucation cess .thereafter deduct TDS @ 2% u/s 194C from the gross value.
19 November 2013
TDS on AMC is deductible u/s 194C at a given rates
IF the recipient is IND/HUF- 1%
any other person - 2%
Threshold Limit:
Single payment- 30000
Aggrerate Bill - Rs.75000 p.a
IF the recipient is IND/HUF- 1%
any other person - 2%
Threshold Limit:
Single payment- 30000
Aggrerate Bill - Rs.75000 p.a
Message likes :
1 times
19 November 2013
first calculate AMC charge after including the service tax and edcucation cess .thereafter deduct TDS @ 2% u/s 194C from the gross value.
Message likes :
1 times
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
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- Taxation on LTCG for property sold after 24JUL2024
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- LTCG for Assmt year 26-27
- Tax liability on income of freelancer
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
