Income tax deduction in operation and maintenance contract

166 views
User Avatar

1 Points Posted on 25 October 2018

Please advice that how much tax should be deducted in the bills of Operation and Maintenance Contract of Airconditioners / lab facilities run by the OEM or other venders. Duration of the contract is one year and sometimes more than one year. However, payment is made on six months basis. 

We don't know the exact imcome of the contractor/vender. Is it safe to deduct tax even if the value of the bill/bills is less than 30,000/-

Thanks & Regards

0 Reply Share Follow
On 25 October 2018 at 10:31 Report
Replies (1)
User Avatar

12244 Points Posted on 25 October 2018
if value of bill is greater than 30000 or aggregate of the payments exceeds 100000, then TDS has to be deducted. income of the contractor or vendor is immaterial for deducting TDS
1 Reply
On 25 October 2018 at 12:32

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Updating form 10-ee and Schedule FA if there is ch
  2. Sale of property in SLUM area ....SRA
  3. GST applicability on Shipping charges
  4. Outstanding Demand in Income Tax: How To Respond?
  5. LTCG on property sale
  6. Capital gains incidence due to bonus shares
  7. Amendment of Object Clause of Memorandum
  8. How Can I Request a Refund for an Accidental Airte
  9. TDS on salary paid in cash
  10. YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU

More recent discussions | Post

Related Topics :

Loading