Tds %

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Querist : Anonymous

Querist : Anonymous (Querist)

18 May 2013 sir,
how much tds % to be deduct on amc contract bill

Ganeshbabu K

Ganeshbabu K (Expert)
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18 May 2013
IT IS COVERED UNDER 194C AND 2% IS APPLICABLE.

HOWEVER WHERE TECHNICAL SERVICES ARE RENDERED PROVISION OF SEC 194 J @10% WILL BE APPLICABLE FOR TAX DEDUCTION OF SOURCE

CA. Naveen Bhat

CA. Naveen Bhat (Expert)
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18 May 2013 It should under section 194 C. The rate will depend upon the status of the entity

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Querist : Anonymous

Querist : Anonymous (Querist)

27 August 2013 SIR,
IF THE PARTY INDIVISUAL, THEN ONLY I WILL BE DEDUCT TDS 2% ON AMC BILL OR NOT

Ganeshbabu K

Ganeshbabu K (Expert)
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28 August 2013 if party is individual or huf deduct tds @1%
.
.
.
for others 2%

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Querist : Anonymous

Querist : Anonymous (Querist)

28 August 2013 Thank u so much sir

Querist : Anonymous

Querist : Anonymous (Querist)

28 August 2013 Sir, one more thing, actually we are receiving one DG set from Hyderabad to our plant in Odisha through rental basis for 5 month, that party asking for c form against his DG SET. Can we give c form agaist dg set on hire basis.
Pls reply sir.

Thanks
Subrat Nayak