TDS on Lift AMC
This query is : Resolved
Alex Fernandes
(Querist)
15 December 2010
I wanted to know that if an Annual Maintenance Contract of Lift in an housing Society has been given to a Company So TDS has to be deducted u/s 194C at the rate 2% is it right as it is in the nature of Service contract plz let me know
Aditya Maheshwari
(Expert)
15 December 2010
yes
Message likes :
1 times
15 December 2010
Yes TDS to be deducted u/s 194C.
Rate:
Individual/HUF @1%
Others @2%
Threshold limit:
Single Bill Rs 30000/-
Annual Payment Rs 75000/- p.a.
Rate:
Individual/HUF @1%
Others @2%
Threshold limit:
Single Bill Rs 30000/-
Annual Payment Rs 75000/- p.a.
Message likes :
2 times
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