is tds applicable in case of payment made to limited company for maintainance charges
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Quick Summary
This discussion clarifies whether Tax Deducted at Source (TDS) applies to maintenance charges paid to a limited company. It confirms that TDS is applicable under Section 194C for services like painting, panel replacements, and pipe repairs. The rates vary: 1% for individuals and 2% for other entities. Higher rates apply if the vendor hasn't filed returns for the last three assessment years.
Then tds is applicable under 194C.,if service provider is individual then at 1% other than individual then at 2%..,if the vendor has not filed his return for last 3 Assessment years then yes rate will be at higher of double applicable rates or 5% which ever is higher..