Sachin More (MBA-Finance Executive - accounts & Finance) (422 Points)
24 January 2014Dear all,
please let me know
Is TDS attracted on repairs of plant & machinery( AMC is not thier only repairs )
CA. Puneet Garg
(chartered accountant)
(339 Points)
Replied 25 January 2014
It is not necessary that AMC should be there to attract the provisions of TDS.
Just a one time one work contract for repair or any other work would attract the provisions of TDS subject to conditions laid down under the income tax act 1961
Mihir
(Wealth Manager)
(5293 Points)
Replied 25 January 2014
Repairing will attract TDS provision but not on buying new spare parts.
CAclubindia
