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Tds on amc of ac repairing

TDS 4177 views 3 replies

if a  Pvt. Ltd. company raise a bill in following manner for contract of amc of ac repairing ( company is registere in vat & Service tax)

 

basic amount    =    118000

vat 12.5% on 80% of basic amount (i.e. (118000*80%)*12.5% =11800

service tax 12.36 % on 70% of basic amount i.e.(118000*70%)*12.36%=10209

total bill amount  = 140009

 

whether tds 10 % on professional fees = 140009*10 % = 14001 on whole amount or

whether tds 10 % on prof. fees = 92809.36 and tds 2 % (194 c) on 47150=944

or something else ?

 

thanks in advance

 

 

 

 

 

Replies (3)

Tds will be deducted on the whole sum paid to the contractor (inclusive of all taxes)

at which rate ?

 

2 percent


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