Q.1 Whether TDS is deductable for repair and maintenance charges ?
Q.2 If yes, which section applies under Income tax act.?
Q.3 Is it be considered as "SERVICING CHARGES"?
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TDS FOR REPAIR AND MAINTENANCE
Replies (5)
Hi Rahul,
Machinery purchased - it is a capital expenditure, after, we applied AMC for maintainance of such machinery. The purpose is, is to keep the same condition as when purchased.
TDS applicablity, based on service. For example - AMC - 194C, purchase of spares - No TDS
Purchase of spares for machine is also come under repair & machinery. Labour charges - 194 C (If exceed the limit as prescribed under act)
All the things, depend upon nature of expenses.
Thanks
Sendilkumar S
Rahul,
following link may b useful to u.
/experts/whether-tds-deductible-on-repairs-maintenance-of-machinery-163226.asp
| Originally posted by : Sendilkumar S | ||
 |
Hi Rahul, Machinery purchased - it is a capital expenditure, after, we applied AMC for maintainance of such machinery. The purpose is, is to keep the same condition as when purchased. TDS applicablity, based on service. For example - AMC - 194C, purchase of spares - No TDS Purchase of spares for machine is also come under repair & machinery. Labour charges - 194 C (If exceed the limit as prescribed under act) All the things, depend upon nature of expenses. Thanks Sendilkumar S |
 |
thanks everyone for your reply......
but if there is not amc than can we deduct TDS on repairs of machinery ?
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