Tds deduct for annual maintenance charges

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raj

raj (Querist)
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19 November 2013 DEAR SIR
HOW TO TDS DEDUCT FOR ANNUAL MAINTENANCE CHARGES, AND WHICH SEC.

SO PLEASE SUGGEST

Ganeshbabu K

Ganeshbabu K (Expert)
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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
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CA JATIN TALREJA

CA JATIN TALREJA (Expert)
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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.

CA.Shubhneet Kaur

CA.Shubhneet Kaur (Expert)
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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

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CA JATIN TALREJA

CA JATIN TALREJA (Expert)
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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.

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