Tds (urgent)

This query is : Resolved

Vaibhav (Querist)
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16 January 2012 Dear Sir,
We are going to shift our office.
1. Should we deduct TDS on AC installation
charges (New AC & Old AC Shift old off. to
new off.)?
if yes in which Sec.
2. Should we deduct TDS on the Interior Work?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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16 January 2012 1) Yes TDS required to be deducted u/s 194C.
Rate:
Individual/HUF @1%
Others @2%

Threshold limit:

Single Bill Rs 30000/-
Annual Payment Rs 75000/- p.a.

2) Yes TDS to be deducted on Interior Work u/s 194J @10%.
Threshold Limit Rs 30000/- p.a.

In both the cases if PAN not given deduct TDS at penal rate of 20%.

Message likes : 1 times

CA Prashant Gupta

CA Prashant Gupta (Expert)
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16 January 2012 Yes, in first case u/s 194c and in second case 194j.
But in case of interior work, if the material is also supplied by him, tds should be applicable u/s 194c.

CA Parmeshwar Rathi

CA Parmeshwar Rathi (Expert)
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23 March 2012 agree with Prashant. Mere consultency is comes under 194J. supplying the material with the service charges, the provider should be treated as 'Contractor' not as 'Consultant'.