31 July 2009
a)IF PAYMENT MADE BY COMPANY TO INDIVIDUAL FOR AIRCONDITIONAL HIRE CHARGES TDS CAN BE DEDUCT ON PAYMENT? b)TDS can be deduct on payment made to individual for repairs & maintanence of machinery & electric,if any specific limit pls forward me
31 July 2009
a) yes, TDS is to be deducted u/s 194I on AC Hiring Charges if Hire charges exceed Rs. 120000/ in a year. b) Tds on repair manitnance of machinery will be deducted u/s 194 J if person is professional engineer otherwise u/s 194 C. Limit is 20000/-/
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