TDS (Urgent)

This query is : Resolved

ravi (Querist)
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18 January 2011 Dear all,

Please let me know, what will be total tds and which section will be applicable for the following:

Earlier bill amount = Rs.43,017/- (Leakage repairing & replacement of spares)

current bill amount = Rs.98,000/-( AMC given for AC repair and maintenance).

thanks

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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18 January 2011 if the party is individual or HUF
1 % of (43017 +98000),

in all other cases
2 % of (43017 +98000),

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ravi

ravi (Querist)
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18 January 2011 Dear Sir,

Thanks you so much for kind reply.

Its a individual firm.

Ravi Kant

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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18 January 2011 ya... then 1 %

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ravi

ravi (Querist)
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18 January 2011 dear sir,

I have read somewhere it is the part of 194J. please clear the doubt.

Thanks

ravi

ravi (Querist)
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18 January 2011 sir,

one thing more on Rs.43,017, ealier tds was not deducted. if i deducting now, it would be any problem or not.

Thanks

ravi

ravi (Querist)
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18 January 2011 sir,

Please clear the doubt.....its urgent.

Thanks

sanjeev

sanjeev (Expert)
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18 January 2011 This is under section 194 C

For Individual Payee = 1%
Other than Individual Payee = 2%.

This is no where deductible u/s 194J.

As it does not include any Professional or Technical Services.

Best
Sanjeev

ravi

ravi (Querist)
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18 January 2011 Thank you very much sir....

Vivek Raju P

Vivek Raju P (Expert)
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18 January 2011 Sanjeev is right, AMC work no way falls under 194J, you can go ahead and deduct TDS on the earlier and current payments in the current bill.

As it is an individual it is only 1%