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Tds deduct for annual maintenance charges

This query is : Resolved 

(Querist)
19 November 2013 DEAR SIR
HOW TO TDS DEDUCT FOR ANNUAL MAINTENANCE CHARGES, AND WHICH SEC.

SO PLEASE SUGGEST


19 November 2013 if contract is for "work" which is defined u/s 194C tds can be deducted u/s 194C @2% for firms and companies adn 1% for others
..

19 November 2013 first calculate AMC charge after including the service tax and edcucation cess .thereafter deduct TDS @ 2% u/s 194C from the gross value.


19 November 2013 TDS on AMC is deductible u/s 194C at a given rates
IF the recipient is IND/HUF- 1%
any other person - 2%
Threshold Limit:
Single payment- 30000
Aggrerate Bill - Rs.75000 p.a

19 November 2013 first calculate AMC charge after including the service tax and edcucation cess .thereafter deduct TDS @ 2% u/s 194C from the gross value.



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