TDS Applicability!!!

TDS 939 views 4 replies

Is tds applicable for painting and restoration work?

Total pmt exceeds Rs 300000 divided into 3 installments of 1 lakh each.

Replies (4)

TDS is applicable for both painting and restoration work u/s 194C

TDS WILL BE DEDUCTED U/S 194 C IRRERSPECTIVE OF NO.OF INSTALLMENTS WHERE AGGREGATE OF PAYMENTS IN A FINANCIAL YEAR EXCEEDS RS. 50,000..

yes it will cover under ambit of sec 194c

An corporate assessee is paying monthly rent of Rs. 150000/- on that he is deducting TDS . The landlord is sending two separate bills, one for rent bill and one for maintenance bill . Assessee is paying monthly Common Area Maintenance charges of Rs.3000/- p.m. Will maintenance charges subject to TDS or not..?


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