hii all....
my query is :
if IT company makes payment to firm of rs.119000 in a year for computer expenses (for purchasing blank DVDs, adapters, chargers). thn is tds to be deduted on payment made for these expenses, when whole payment is to be made to single party...
If it includes service maintenance then TDS is to be deducted U/S 194 C @ 2 percent,
If not included then No TDS on such purchase...
Correct. These are purchases. So no TDS.
if it is covered under AMC AND NO saprate BILL PROVIDED OF MATERIAL AND SERVICE THEN TDS IS TO BE DEDUCTED ON WHOLE BILL AMOUNT EXCLUDING SERVICE TAX us (194c) if annual bill amount more then 75000 if saprate bill provided then tax is to be deducted on service portion only(AMC CHARGES) and no tds deducted if it is purchase
Arvindkumar Maniar & Co.
Rajkot
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BHUPINDER SHAH AND COMPANY
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A R JADHAV AND ASSOCIATES
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CAclubindia
