CA PARTH SHAH (In Practice) (1951 Points)
29 June 2012
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Tds maintainance contract charges with parts and consumable
OUR CLIENT HAVE MADE A CONTRACT WITH ABC LTD MAINTAINANCE OF PLANT. ABC LTD GIVES THE BILL IN FOLLOWING FORMAT. |
CA SANDESH MAHIPAL
(Practicing in GST and MSME )
(1985 Points)
Replied 29 June 2012
Yes TDS will be duducted under section 194C on total amount of bill.
Hemant Kumar
(Accounts Manager MBA (Fin) CMA*)
(6450 Points)
Replied 29 June 2012
CA JATINDER SALHOTRA
(PRCTICE CA)
(59 Points)
Replied 29 June 2012
| Originally posted by : SUNNY AGGARWAL | ||
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Yes TDS will be duducted under section 194C on total amount of bill. |
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Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 29 June 2012
TDS would be made on the whole of the bill amount i.e.421983. The provision of 194C says that 'Any Sums paid'. so whole of the bill amount would be considered for TDS.
Dear ,
Question 29 : Whether a maintenance contract including supply of spares would be covered under section 194C or 194J of the Act ?
Answer : Routine, normal maintenance contracts which include supply of spares will be covered under section 194C. However, where technical services are rendered, the provision of section 194J will apply in regard to tax deduction at source
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