Applicability of tds

TDS shud be made for the points 1&8. For 1  @ 1% or 2% as the case maybe & for 2 @ 1%.

TDS should be deducted on 1, 8 & 12. TDS on Repairs & Maintenance should be deducted if there is any Annual maintenance contract.

Sir ,what are the rules for aplicability of TDS .

Regards ,

D.R Swain

TDS applicable only on Advertisement

Remaning all are purchases.....

1.Purchase of Building Material for construction of Building - TDS not required if it is only Purchase of Material. If labour charges involved, TDS applicable

2.Purchase of Bus - TDS not applicable

3.Purchase of land - TDS Not Applicable

4.Purchase of Furniture and fixtures - TDS is not applicable

5.Purchase of Library Books and students Books - TDS not Applicable

6.Purchase of computers - TDS not Applicable

7.Purchase of Lab Equipments(Machines) - TDS not Applicable

8.Purchase of Advertisment - I have not understood how you purchase Advertisement

9.Purchase of Eletrical Equipments - TDS not Applicable

10.Purchase of Lab Equipments - TDS not Applicable

11.Purchase of Books and periodicals - TDS not Applicable

12.Payment made towards repairs and maintance of bus,Furnitures etc. - TDS Applicable if the payment exceeds the limit u/s 194C