our company take service for computer software maintenance and support on annual basis and company booked invoice as AMC charges is it correct and TDS applicable as per 194C or 194J
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Quick Summary
Annual maintenance and support services for computer software are generally treated as a works contract/service contract and attract TDS under Section 194C at 1% or 2% depending on the status of the deductee. However, in some cases it may be treated under Section 194J if it involves technical/professional services, making it a disputed classification.