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Tds on amc charges
Actually our client is paying AMC charges say for ex : XYZ pvt ltd for six months of Rs.12,00,000/- (i,e it is an indivisible contract) and 70% of portion is treated as service and service tax is levied on it and remaining 30% is not as service and TDS is being deducted u/s 194C . Now on what amount TDS be deducted i,e on 12,00,000 or on service tax part
Replies (5)
Over total amount 12L, its works contract.
Sir , can u provide me any legal notification regarding the TDS on works contract
Refer: /experts/rate-of-tds-on-annual-maintainance-charge-554805.asp
https://www.incometaxindia.gov.in/Tutorials/Tax-Deducted-at-Source-under-section-194-C-and-194-I.pdf
Sir , if on the 30% (non service part) , VAT is levied then will the TDS be deducted on it
If the bill are seperate, no TDS over Vated goods.
refer: /experts/tds-on-works-contract-u-s-194c-982350.asp
But, for (i,e it is an indivisible contract) total amount is considered.
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