tds on contrract
This query is : Resolved
02 June 2008
we have given contact for AMC of computers
so do we need to deduct tax on only AMC charges or even on capital expenditure charges like purchase of computers /software from them ?
so do we need to deduct tax on only AMC charges or even on capital expenditure charges like purchase of computers /software from them ?
Subash Gaijes
(Expert)
02 June 2008
You have to deduct TDS only on the AMC Part.
CA Hemant T Dewani
(Expert)
02 June 2008
amount which are debited to p& l a/c & payment is in excess of rs 50000/-in the year are liable to tds
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