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TDS on AMC for Computer

TDS / TCS 2407 views 6 replies

hi,

Whether payment of AMC for computers come under 194C or 194J ,as it is basially rendering of technical service???

Replies (6)

it comes under 194C

generally amc services provided on contract basis so, it comes under 194c

TDS will be deducted on contract basis

Yes TDS will be deducted on contract basis as the nature of AMC services is generally contractual.

Hi Vinay

It falls under Section 194 C and will subject to TDS if Payment is in excess of rs. 20,000 per contract OR Rs. 50,000 per annum.

if the recepient is a Company then TDS will be deducted at the rate of  2.266%

If the recepient is an individual and HUF and Payment exceeds Rs. 10 lacs Per annum  2.266%

If the recepient is an individual and HUF and Payment does not exceeds Rs. 10 lacs Per annum  2.06%

Hope you will find this helpful.

Regards

Vijay Kumar

TDS  will be deducted on contract basis @ 2.266 % or 2.06 % .


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