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Jayesh

Jayesh (Internal Auditor)     04 October 2011

AMC is nothing but, Annaul maintenance Contract. Hence, TDS would be deductible u/s94C.

Also, TDS would not be attracted, if single payment does not exceed Rs. 30000/- & agreegate payment in year does not exceed Rs. 75000/-.

AMC Payment is not towards professional service. Therefore, such payment would not fall u/s 94J.

1 Like
Mihir

Mihir (Wealth Manager)     04 October 2011

Deduct TDS if payment exceeds Rs. 30,000/- u/s 194C

Devendra

Devendra (Chartered Accountant)     04 October 2011

In your case, there is no need to deduct TDS, as the single bill amount does not exceed Rs. 30000/-. But during the year if the aggregate AMC bill goes above Rs. 75000/-, then you shall have to deduct TDS u/s 194C. TDS @ 1% if deductee is an Individual or HUF and TDS @ 2% if the deductee is a Pvt. Ltd. or a registered P'ship Firm.


Regards,

Devendra K

3 Like
valji

valji (Accounts manager-MBA)     04 October 2011

agreee with jayesh

CA PRAVEEN SINGH

CA PRAVEEN SINGH (MANAGER ACCOUNTS)     04 October 2011

 

AMC is nothing but, Annaul maintenance Contract. Hence, TDS would be deductible u/s94C.

Also, TDS would not be attracted, if single payment does not exceed30000/- & agreegate payment in year does not exceed75000/-.

AMC Payment is not towards professional service. Therefore, such payment would not fall u/s 94J.

agree with above...

Sachin More

Sachin More (MBA-Finance Executive - accounts & Finance)     29 June 2013

agree wid jayesh

Subrat Kumar Nayak

Subrat Kumar Nayak (Accounts Officer)     30 November 2013

In this case, there is need to deduct TDS, as the single bill amount  exceed Rs. 30000/-. But during the year if the aggregate AMC bill goes above Rs. 75000/-, then you shall have to deduct TDS u/s 194C. TDS @ 1% if deductee is an Individual or HUF and TDS @ 2% if the deductee other then, like company,firm.

Regards

Subrat Ku Nayak

1 Like
anil jadav

anil jadav (Article)     07 May 2016

nice one.................

babu

babu (Senior accountant)     07 December 2017

If in case we pay three payment in differnce amount but not exceed Rs.75000 it will attract?

babu

babu (Senior accountant)     07 December 2017

If in case we pay three payment in differnce amount but not exceed Rs.75000 it will attract?


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