HIII
I HAVE RECEIVED AN ANNUAL REPAIR & MAINTENANCE CHARGES BILL FOR AIR CONDITIONERS. HAVING SUCH CLASSIFICATION
AMOUNT- 61619
SERVICE TAX-80% 61619*80/100*12.36/100 = 6093
VAT-70% 61619*70/100*12.5/100=5391
TOTAL INVOICE AMOUNT =73103
MY CA IS SAYING NO TDS WILL BE DEDUCTED WHEREAS I STILL FEELS THAT TDS U/S 194C NEEDS TO BE DEDUCTED . PLEASE REPLY WITH THE LINK .
CAN ANY PROVIDE ME, ARTICLE ON WORK CONTRACT RELATED TO ELECTRICITY.
tds will be applicable on amount excluding service tax provided value and tax amount are shown seperately.
Dear Mr./Miss Anonymous,
It is very clear that the bill exceeds the threshold limit of Rs. 30000 an year. Thus TDS has to be deducted.
Second very important point is that if you are an individual (not carrying on any business ) and recieved this bill on your name no TDS required to be deducted.
Dear,
TDS will be deducted as limit of Rs 30,000 for a single bill in a year is crossed. However, no tds shall be deducted on service tax portion.
CAclubindia
