Tds should deducted on maintenance charges or not
This query is : Resolved
Tejas Sawant
(Querist)
11 June 2015
Dear Experts,
we are auditing a construction company in which company collecting monthly/ Quarterly maintenance charges. but the customers are deducting TDS @ 2 %. is it as per act or not.
please guide..
we are auditing a construction company in which company collecting monthly/ Quarterly maintenance charges. but the customers are deducting TDS @ 2 %. is it as per act or not.
please guide..
11 June 2015
Correct. TDS to be deducted on maintenance charges @ 2% on companies u/s 194C.
Rupesh Jain
(Expert)
11 June 2015
if amount if exceeds rs. 30000/- single bill ad rs. 75000/- in year then tds will be deducted by payer.
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