TDS on Installation Charges

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 September 2010 Hi,

Please let me know if tds is to be deducted on installation charges on Air Conditioners. If yes then at what rate and under which secion it is to be remitted?

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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30 September 2010 Section : 194C

Rate : 1 % for Individual / Others
2 % for others

Message likes : 2 times

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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30 September 2010 Continuing With Subhash Ji...
Also see the threshold limit...
Rs.30000/- Single Bill
Rs. 75000/- Annual Payment
TDS to be deducted only on crossing these limits. In case PAN is not provided deduct TDS @ penal rate of 20%.
Regards

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