TDS on AMC

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.

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

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

agreee with jayesh

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...

agree wid jayesh

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

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

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

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

How to treat as a TDS for IQ OQ for Equipment Installation 

Can I treat it as a 194C = 2% (Contract Services) or 194J = 2% (Technical Services) or 194J = 10% (Professional Fees). Could you please help on this.