13 April 2009
i want to confirm whther the Repairs & Maint. of Plant & Machinery will amount to Contract for TDS Liability for a company. And whether Service Tax is deductible on repair maint. charges payable to the contractee??
13 April 2009
Yes Mr.Anurag. If a single contract exceeds Rs.20000/- or multiple contracts exceeds Rs.50000/- p.a., TDS liability will arise. No service tax is deductible from charges payable to contractee.
CAclubindia
