Tds related

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2013 gud mrg sir, sir my Question is my company some computer system hire other company both are pvt ltd company, my question is 14805 Rs per month paid to other pvt ltd company its computer hire charges, sir my company wants to deduct Tds , can u explaine me Tds deduct should under 194C or 194I, & How percentage
deduct

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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05 July 2013 In case of Machinery TDS is required @ 2% where the income paid exceeds Rs 180000.
.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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05 July 2013 In the given case TDS not required to be deducted since the threshold limit of Rs 1.80 Lacs is not crossed. If the limit crosses then TDS to be deducted on entire amount (excluding Service Tax if any) @ 2%.

Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2013 if i deduct tds Under 194C, its wrong or right and deduct 2% Tds

Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2013 if i deduct tds Under 194C, its wrong or right and deduct 2% Tds

Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2013 in case computer part of machinary,,,so i confused tds deduct 194I 2% Or 10% ,,my company is IT compay and provide service and do the Exam conduct. plz help me and difine please

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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05 July 2013 Even if you deducted u/s 194C there will not be any problem since rate is 2%. But actually Section 194I will be applicable.

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