Tds on Protection plan on Computer


This query is : Resolved 

Quick Summary
This discussion clarifies Tax Deducted at Source (TDS) on combined invoices for computer purchases and protection plans. While computer purchases themselves don't attract TDS, protection plans do if they exceed £30,000. The applicable section for TDS deduction on protection plans over this threshold is identified as Section 194C.

28 July 2020 In a single invoice
Computer Purchase -Rs. 1,00,000/-
Protection Plan -Rs. 12,500/-
Total Amount -Rs. 1,12,500/-

Please guide me the amount , rate and section on which we should deduct the TDS.

28 July 2020 Computer purchase no TDS applicable.
Protection plan less than 30000 no TDS applicable.

28 July 2020 Thanks Sir,
If protection plan is more than 30,000/- then In which section we need to be deduct the tds?
194C or 194J

28 July 2020 194c applicable............


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query